News Explorer — Bitcoin Miner CleanSpark to Merge With Griid Infrastructure

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Jun 27, 4:29 pm

Decrypt

Bitcoin Miner CleanSpark to Merge With Griid Infrastructure

CleanSpark, a sustainability-focused Bitcoin miner, has announced plans to merge with Griid Infrastructure in a deal worth $155 million. Following the announcement, Griid Infrastructure's stock price dropped by 49% to $1.20. The merger will also allow CleanSpark to access 20 megawatts of Griid's power, potentially increasing its power capacity by over 400 MW in the next two years.

CleanSpark, a sustainability-focused Bitcoin miner, has announced plans to merge with Griid Infrastructure in a deal worth $155 million. Following the announcement, Griid Infrastructure's stock price dropped by 49% to $1.20. The merger will also allow CleanSpark to access 20 megawatts of Griid's power, potentially increasing its power capacity by over 400 MW in the next two years.

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