CleanSpark Acquires GRIID Infrastructure Inc.
October 30, 2024
CleanSpark, Inc. (Nasdaq: CLSK) completed its acquisition of GRIID Infrastructure Inc. (Nasdaq: GRDI) on October 30, 2024, in an all-stock merger following approval by GRIID stockholders. The deal expands CleanSpark's Bitcoin mining footprint and power diversity, enabling planned growth to over 400 MW of mining capacity in Tennessee and adding GRIID's team and existing sites to CleanSpark's operations.
- Buyers
- CleanSpark, Inc.
- Targets
- GRIID Infrastructure Inc.
- Sellers
- Stockholders of GRIID Infrastructure Inc.
- Industry
- Infrastructure
- Location
- Ohio, United States
- Transaction Type
- Buyout
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