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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 17, 2024

 

 

CleanSpark, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Nevada

001-39187

87-0449945

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

10624 S. Eastern Ave.

Suite A - 638

 

Henderson, Nevada

 

89052

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (702) 989-7692

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, par value $0.001 per share

 

CLSK

 

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 1.01 Entry into a Material Definitive Agreement.

Georgia Acquisition

On June 17, 2024, CleanSpark, Inc., through its wholly-owned subsidiary, CSRE Properties Sandersville, LLC, (the "Company") entered into definitive agreements to acquire five bitcoin mining facilities located in Georgia. The definitive agreements include the purchase of mining data centers, totaling 60 megawatts, and the assumption of the underlying real property leases and power agreements, priced as follows:

 

Agreement for LN 1: 8 megawatts, $3,200,000

Agreement for LN 3: 15 megawatts, $7,080,000

Agreement for LN 4: 10 megawatts, $4,720,000

Agreement for LN 5: 8 megawatts, $3,200,000

Agreement for LN 6: 11 megawatts, $4,400,000

Agreement for LN 7: 8 megawatts, $3,200,000

 

The total purchase price for the acquisition is $25.8 million.

 

The foregoing description of the agreements is qualified in its entirety by reference to the full text of the asset purchase agreements attached as Exhibits 10.1 to this Current Report and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No.

Description

10.1

Asset Purchase Agreements, dated June 17, 2024

99.1

Press Release, dated June 18, 2024

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

CLEANSPARK, INC.

 

 

 

 

Date:

June 20, 2024

By:

/s/ Zachary Bradford

 

 

 

Name: Zachary Bradford
Title: Chief Executive Officer