Cleanspark announces agreement to acquire griid infrastructure based on an enterprise value of $155 million and expansion plans of over 400 mw in tennessee

As a result of the transaction cleanspark expects to add over 400 mw in tennessee over the next 2 years cleanspark's total announced, planned, and owned capacity now sits at over 1 gw of premium infrastructure in support of america's rapidly advancing technological environment las vegas , june 27, 2024 /prnewswire/ -- cleanspark inc. (nasdaq: clsk) ("cleanspark") and griid infrastructure inc. (nasdaq: grdi) ("griid") announced today that they have entered into a definitive merger agreement pursuant to which cleanspark will acquire all the issued and outstanding common stock of griid in an all-stock transaction. the total enterprise value, including payment and assumption of debt, of the transaction is $155 million.
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