CleanSpark (CLSK) plans to acquire GRIID Infrastructure (GRDI) in a $155 million deal 📈 H.C. Wainright analysts predict that this acquisition will significantly accelerate CleanSpark's low-cost energy infrastructure. While CleanSpark assumed GRIID's debts and other obligations, it provided GRIID with a $5 million working capital loan and a $50.9 million bridge loan during the transition period. This acquisition will require CleanSpark to issue 5.2 million shares, equivalent to approximately 2.5% of its total shares. Closing of the deal is due in the third quarter of 2024.