Why Bitcoin Mining Stock Griid Infrastructure Shares Are Tumbling Today
Why Bitcoin Mining Stock Griid Infrastructure Shares Are Tumbling Today
Griid Infrastructure Inc. (NASDAQ:GRDI) shares are trading lower after it inked a definitive merger deal with CleanSpark, Inc. (NASDAQ:CLSK) for a total enterprise value, including payment and assumption of debt, of $155 million.
Griid Infrastructure Inc.(納斯達克代碼:GRDI)股票價值下跌，因與CleanSpark，Inc. (納斯達克代碼:CLSK)簽署明確的合併協議，總企業價值包括付款和負債承擔爲1.55億美元。
GRIID Infrastructure, a purpose-built bitcoin mining company founded in 2018, has operated bitcoin mining facilities since 2019.
GRIID Infrastructure是一家專門建立的比特幣礦業公司，成立於2018年，自2019年以來一直經營比特幣礦業設施。
As per the merger agreement, Griid stockholders will receive CleanSpark common stock based on an exchange ratio determined by dividing the total merger consideration by the number of Griid shares outstanding at closing.
根據合併協議，Griid的股東將根據合併考慮總額除以Griid未彌償股份數量的交易比率獲得CleanSpark普通股。
The total merger consideration is calculated as $155 million minus Griid's net liabilities at closing, divided by CleanSpark's two-day volume-weighted average stock price of $16.587 prior to the merger agreement date.
總併購代價以2024年3月關閉時的Griid淨負債總額除以CleanSpark合併協議簽署之前的兩天成交量加權平均股價16.587美元計算。
Alongside the merger agreement, the companies signed an exclusive hosting agreement for all available power, with 20 MW allocated to CleanSpark effective immediately.
除了合併協議，兩家公司還簽署了排他性主機協議，使得所有可用電力中的20兆瓦立即分配給CleanSpark。
CleanSpark plans to take on all of Griid's outstanding debt and obligations as part of the merger.
作爲合併的一部分，CleanSpark計劃承擔所有Griid未彌償的債務和責任。
The transaction, unanimously approved by the Boards of Directors of both companies, is anticipated to conclude in the third quarter of 2024.
本次交易已獲得兩家公司董事會的一致批准，預計將於2024年第三季度完成。
The completion of the acquisition is contingent upon GRIID shareholder approval and customary closing conditions.
收購的完成取決於GRIID股東的批准和通常的成交條件。
Zach Bradford, CleanSpark's CEO, said, "This acquisition would give us a clear and steady path over the next three years to accomplish in Tennessee what we proudly achieved in Georgia over the past three years. That achievement was to build out over 400 MW of infrastructure backed by valuable, long-term power contracts."
CleanSpark首席執行官Zach Bradford表示：“這次收購將爲我們在田納西州未來三年實現我們在喬治亞州過去三年所實現的目標提供明確而穩定的路徑。那個目標是建立400多兆瓦的基礎設施，並由有價值的長期電力合同支持。”
Harry Sudock, GRIID's CSO, stated, "Growing our portfolio of data centers in this attractive region positions us to continue strengthening the resilience of the power grid while delivering CleanSpark's leading mining capabilities."
GRIID的首席策略官Harry Sudock表示：“在這個有吸引力的地域板塊增加我們的數據中心組合，可以讓我們繼續增強電網的彈性，同時提供CleanSpark領先的礦業能力。”
As of March-end, CleanSpark had almost $700 million in cash and bitcoin, and virtually no debt.
截至3月底，CleanSpark擁有近7億美元的現金和比特幣資產，幾乎沒有債務。
Price Action: GRIID shares are down 48.4% at $1.209 at the last check Thursday.
股票價格：截至上週四最後一次查看時，GRIID股票下跌48.4％，至1.209美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
Image sourced from Shutterstock
圖片來源於shutterstock。
譯文內容由第三人軟體翻譯。