# CleanSpark x GRIID Infrastructure Acquisition: partnership

Canonical ID: `97e2751b-ec81-40ce-b04a-35083ae0bee9`

CleanSpark acquired GRIID Infrastructure in a $155M all-stock merger, expanding Tennessee operations with 400+ MW of planned capacity across seven mining sites.

- **Type:** investment
- **Status:** concluded
- **Verification posture:** verified

## Parties (2)

- [CleanSpark](https://registry.deploy.report/companies/cleanspark.md) investor partner
- GRIID Infrastructure _(off-registry)_ other

## Timeline

- **Announced:** 2024-06-27
- **Start:** 2024-10-01

## Sources (1)

1. https://www.prnewswire.com/news-releases/cleanspark-announces-agreement-to-acquire-griid-infrastructure-based-on-an-enterprise-value-of-155-million-and-expansion-plans-of-over-400-mw-in-tennessee-302184116.html


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