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8-K: Current report

SEC ·  Oct 5, 2024 05:24

Summary by Moomoo AI

CleanSpark announced the mutual decision with Coinmint, LLC to not renew their Colocation Mining Services Agreement, which was initially established on July 1, 2021, and subsequently amended in March 2022 and May 2023. The agreement, which provided CleanSpark with up to 50 MW of electric power for bitcoin mining operations at Coinmint's Massena, New York facility, will expire on January 1, 2025.The termination of this material agreement marks a significant change in CleanSpark's mining infrastructure arrangements, affecting the company's bitcoin mining operations currently hosted at the Massena facility. The decision was reached on October 1, 2024, approximately three months before the agreement's expiration date.
CleanSpark announced the mutual decision with Coinmint, LLC to not renew their Colocation Mining Services Agreement, which was initially established on July 1, 2021, and subsequently amended in March 2022 and May 2023. The agreement, which provided CleanSpark with up to 50 MW of electric power for bitcoin mining operations at Coinmint's Massena, New York facility, will expire on January 1, 2025.The termination of this material agreement marks a significant change in CleanSpark's mining infrastructure arrangements, affecting the company's bitcoin mining operations currently hosted at the Massena facility. The decision was reached on October 1, 2024, approximately three months before the agreement's expiration date.
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