🚀 Bitcoin mining giant CleanSpark (CLSK) just snapped up competitor GRIID Infrastructure in a cool $155M all-stock deal! 💰

• This move instantly adds 20MW of power to CLSK's mining ops, with a whopping 400MW set to roll out in Tennessee over the next 2 years. 🎉

• The deal also sees CLSK assume all of GRIID's debts and obligations, including a $50.9M bridge loan.

• CLSK shares popped 4% post-announcement, while GRIID's tanked by over 50%.

CLSK isn't the only miner on the acquisition trail. Riot Platforms (RIOT) is still trying to buy Bitfarms (BITF), and Core Scientific (CORZ) is eyeing a $1B offer from CoreWeave.

What do you think of these mining mergers? 🤔 Let us know below! #BitcoinMining #CryptoNews