CleanSpark Completes Acquisition of GRIID Infrastructure Inc.
Written by Emily J. Thompson, Senior Investment Analyst
0mins
Source: Newsfilter
Merger Completion: CleanSpark has successfully completed its acquisition of GRIID Infrastructure Inc. following shareholder approval, aiming to expand its Bitcoin mining capacity in Tennessee to over 400 MW.
Strategic Growth: The merger is expected to enhance operational flexibility and power supply diversity for CleanSpark, with both companies looking forward to a smooth integration of their teams and resources.
Analyst Views on CLSK
Wall Street analysts forecast CLSK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLSK is 24.50 USD with a low forecast of 14.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 12.730
Low
14.00
Averages
24.50
High
30.00
Current: 12.730
Low
14.00
Averages
24.50
High
30.00
About CLSK
CleanSpark, Inc. is a bitcoin mining company. The Company independently owns and operates data centers across the United States with locations in Georgia, Mississippi, Tennessee and Wyoming for a total contracted power capacity of approximately 853 megawatts (MW). The Company designs its infrastructure to responsibly secure and support the bitcoin network. Its operating mining units are capable of producing over 40 exahashes per second (EH/s) of computing power. The Company operates approximately 188,500 bitcoin mining machines, with a hashrate capacity of approximately 27.6 EH/s and a fleetwide efficiency of 21.94 joules per terahash (J/TH). The Company's subsidiaries include ATL Data Centers LLC, CleanBlok, Inc., CleanSpark DW, LLC, CleanSpark GLP, LLC, CSRE Properties Washington, LLC, CSRE Properties Dalton, LLC, CSRE Property Management Company, LLC, and CSRE Properties Norcross, LLC, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
