According to Foresight News, cryptocurrency mining company Cleanspark and GRIID Infrastructure Inc. have announced the finalization of their merger agreement. As part of the deal, Cleanspark will acquire all issued and circulating common shares of GRIID through an all-stock transaction. The total enterprise value of the transaction, including payments and assumed debt, is $155 million. Alongside the signing of the merger agreement, the two companies have also signed an exclusive power custody agreement for all currently available electricity, with 20 megawatts allocated to Cleanspark.
