💡 Bitcoin miner CleanSpark is merging with GRIID Infrastructure in a $155 million all-stock deal. CleanSpark will assume GRIID's debts, provide a $5 million working capital loan, and $50.9 million to settle immediate obligations. The deal includes an exclusive hosting agreement, giving CleanSpark 20 megawatts of power. This merger is expected to add over 400 megawatts to CleanSpark's power over the next few years. CleanSpark's stock (CLSK) rose 2.2% to $16.44 on June 27, marking a year-to-date gain of over 50%. Now that's what I call a power move!