Summary by Moomoo AI
On May 8, 2024, CleanSpark, Inc., a Nevada-based company, announced the acquisition of approximately seventeen acres of real property in Wyoming through its wholly-owned subsidiary, CSRE Properties Wyoming, LLC. The property, valued at $18.75 million, consists of two parcels, with the potential for a price adjustment based on power availability at closing. An additional contingent payment of up to $13.75 million is possible, subject to an increase of 55 megawatts of power within 180 days post-closing. The closing of the transaction is subject to several conditions, including the transfer of power agreements and maintenance of current power rates. On May 9, 2024, CleanSpark issued a press release detailing the acquisition and its plans to deploy advanced bitcoin mining machines at the new sites, which are expected to significantly increase the company's hashrate. This acquisition marks CleanSpark's expansion into Wyoming, adding to its portfolio of bitcoin mining facilities across the United States.
