CleanSpark Buys GRIID In $155 Million Transaction

Quick Summary:

CleanSpark, one of the biggest Bitcoin miners in the US, has acquired GRIID Infrastructure, another Bitcoin miner, through a $155 million transaction.  The merger comes as CleanSpark expands its foothold over the Bitcoin mining space by acquiring data centers and other miners.

The GRIID purchase will allow it to add 400 MW of power by 2026.

It recently acquired five mining facilities in Georgia, increasing its capacity by 60 megawatts (MW) of power.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaGeorgia

Topics: GRIID CleanSpark Transaction News Buys $155 Million Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-30 @ 20:44:52 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 314 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21431004

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About BitcoinWorld

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