CleanSpark just released its Q3 financial results. Today we go over the quarter's financials, discuss CLSK's new Waha Technologies acquisition, and talk all things valuation.
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"In line with our strategy to make CleanSpark a top five publicly traded miner, today we announced two transformative matters," said Zach Bradford , Chief Executive Officer. "Foremost, we have entered into an asset purchase agreement for the acquisition of a third wholly owned facility, located in Washington, GA. This new facility has 86MW of total capacity, 36MW of which is online and available immediately. An additional 50MW is expected to be available in 2023. We are also announcing that CleanSpark is formally selling its energy business assets. We are now a pure play bitcoin miner. These two announcements represent the closing of one chapter and the opening of another, and I look forward to where our strategic direction is taking us." CleanSpark announced it has entered into a definitive agreement to acquire an active bitcoin mining facility located in Washington, Georgia, for $16.2 million.
