🔔Crypto News Flash🔔: CleanSpark Inc. (CLSK) is set to acquire GRIID Infrastructure in a $155M all-stock deal, including the assumption of GRIID's debt. The merger, unanimously approved by both companies' boards, is expected to close by Q3 2024. GRIID's stockholders will receive CleanSpark shares based on a pre-determined exchange ratio. CleanSpark has also provided GRIID with a $5M working capital loan and a $50.9M pay-down bridge loan. GRIID, a Bitcoin mining company, has seen its stock fluctuate this week, with shares dropping back to $1.20. 💰📉 Thoughts on this merger? Comment below!