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CleanSpark Acquires GRIID Infrastructure in a $155 Million All-Stock Deal

  • June 27, 2024

CleanSpark Inc. (CLSK) entered into a merger agreement on June 27, 2024, to acquire GRIID Infrastructure Inc. (GRDI) in an all-stock deal valued at $155 million.

Deal Structure:

This merger agreement stipulates that GRIID stockholders will receive 0.0631 of a share of CleanSpark common stock at $1.01, representing a discount of 56.84% based on GRIID’s last close, and a 16.09% premium over the 30-day average of GRIID’s stock.

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