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CleanSpark Agrees to Acquire Bitcoin Miner ATL Data Center
December 10, 2020 GMT
CleanSpark, Inc. Logo (PRNewsfoto/CleanSpark, Inc.)
SALT LAKE CITY, Dec. 10, 2020 /PRNewswire/ CleanSpark, Inc. (Nasdaq: CLSK)(“CleanSpark” or the “Company”), an advanced software and controls technology solutions company, focused on solving modern energy challenges, today announced it has agreed to acquire ATL Data Centers, LLC (“ATL”) for up to $19.4 million in shares of the Company’s common stock.
This transaction represents the first strategic acquisition as part of a larger growth plan following CleanSpark’s recent $40M institutional investment. ATL creates a unique business opportunity as a full-scale, profitable demonstration facility for the Company. The property is currently served by two separate utility interconnections with entirely different rate structures that power individual