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.(纳斯达克代码:GRDI)股票价值下跌，因与CleanSpark，Inc. (纳斯达克代码:CLSK)签署明确的合并协议，总企业价值包括付款和负债承担为1.55亿美元。
GRIID Infrastructure, a purpose-built bitcoin mining company founded in 2018, has operated bitcoin mining facilities since 2019.
GRIID Infrastructure是一家专门建立的比特币矿业公司，成立于2018年，自2019年以来一直经营比特币矿业设施。
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.
根据合并协议，Griid的股东将根据合并考虑总额除以Griid未弥偿股份数量的交易比率获得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.
总并购代价以2024年3月关闭时的Griid净负债总额除以CleanSpark合并协议签署之前的两天成交量加权平均股价16.587美元计算。
Alongside the merger agreement, the companies signed an exclusive hosting agreement for all available power, with 20 MW allocated to CleanSpark effective immediately.
除了合并协议，两家公司还签署了排他性主机协议，使得所有可用电力中的20兆瓦立即分配给CleanSpark。
CleanSpark plans to take on all of Griid's outstanding debt and obligations as part of the merger.
作为合并的一部分，CleanSpark计划承担所有Griid未弥偿的债务和责任。
The transaction, unanimously approved by the Boards of Directors of both companies, is anticipated to conclude in the third quarter of 2024.
本次交易已获得两家公司董事会的一致批准，预计将于2024年第三季度完成。
The completion of the acquisition is contingent upon GRIID shareholder approval and customary closing conditions.
收购的完成取决于GRIID股东的批准和通常的成交条件。
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首席执行官Zach Bradford表示：“这次收购将为我们在田纳西州未来三年实现我们在乔治亚州过去三年所实现的目标提供明确而稳定的路径。那个目标是建立400多兆瓦的基础设施，并由有价值的长期电力合同支持。”
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：“在这个有吸引力的地域板块增加我们的数据中心组合，可以让我们继续增强电网的弹性，同时提供CleanSpark领先的矿业能力。”
As of March-end, CleanSpark had almost $700 million in cash and bitcoin, and virtually no debt.
截至3月底，CleanSpark拥有近7亿美元的现金和比特币资产，几乎没有债务。
Price Action: GRIID shares are down 48.4% at $1.209 at the last check Thursday.
股票价格：截至上周四最后一次查看时，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.
免责声明：本文部分内容使用了Benzinga Neuro的帮助。此内容是通过AI工具部分制作的，并由Benzinga编辑进行了审查和发布。
Image sourced from Shutterstock
图片来源于shutterstock。