CleanSpark (NASDAQ:CLSK) shares popped ~6% pre-market on Friday after the bitcoin miner agreed to acquire Mawson Infrastructure Group's (NASDAQ:MIGI) turnkey bitcoin mining facility in Sandersville, Georgia for up to $33M.The transaction is expected to add 1.4 EH/s to CleanSpark’s hashrate before year-end, 2.4 EH/s in early 2023 and 7.0 EH/s by the end of 2023. This capacity supports CleanSpark's target of over 22 EH/s by the end of 2023.CleanSpark (CLSK) has also agreed to buy from 6,468 of the latest generation mining ASICs from Mawson (MIGI) for ~$9.5M in cash, at a cost of $17/terahash. These machines, already operating at the acquired site, will add over 558 PH/s of computing power immediately upon closing. Mawson (MIGI) will receive ~$26.5M in cash at closing; up to $11M in CleanSpark (CLSK) stock, $6.5M which is issuable at closing and the remaining $4.5M of which is subject to reaching certain earn-out commitments; $3M in seller financing in the form of promissory notes; and, an additional $2M in a seller-financed earn-out payable at least 60 days post-closing upon certain conditions being met. The maximum total purchase price for the facility and miners is $42.5M.MIGI shares have also ~14% pre-market
Tether Treasury Mints $1 Billion in $USDT
