CLSK Update (Patreon)

New PT from HCW. $27 not bad - nearly a 2x from here.

In addition

CleanSpark Inc. has announced its plan to acquire GRIID Infrastructure Inc. in an all-stock deal worth $155 million. This acquisition is set to expand CleanSpark's capacity significantly, with over 400 megawatts expected to be added in the state of Tennessee over the next two years. CleanSpark, after mining exclusively in the state of Georgia for the entirety of its existence, recently expanded operations to Mississippi, and now has its eyes set on The Volunteer State. Diversification across jurisdictions is one of the best ways Bitcoin miners can mitigate risk. And given CleanSpark’s branding as “America’s Bitcoin Miner”, expanding across various states makes perfect sense.

This move will boost CleanSpark's total capacity to over 1 gigawatt. The deal, which is pending shareholder approval and standard closing conditions, is anticipated to be finalized in the third quarter of 2024.