CleanSpark Inc. (CLSK) announced that it will acquire GRIID Infrastructure in a $155 million stock transaction. This agreement includes the payment and acquisition of GRIID's (GRDI) debt. As part of the agreement, CleanSpark and GRIID signed an exclusive hosting agreement that immediately allocated 20 MW of power to CleanSpark. The merger, which has been unanimously approved by the boards of directors of both companies, is expected to be finalized in the third quarter of 2024, subject to GRIID shareholder approval and other standard conditions. 📈#cryptocurrency#blockchain