$Mawson Infrastructure Group Inc.(MIGI)$
Why: Mawson Infrastructure Group announced it has entered into definitive agreements with CleanSpark to sell its Sandersville, Georgia Bitcoin Mining Facility, and 6,468 ASIC Bitcoin Miners to CleanSpark for up to a maximum total purchase price of $42.5 million, subject to reaching certain earn-out commitments, with closing expected in early October.
Deal terms: Mawson has executed definitive documentation to sell its Sandersville, Georgia Bitcoin Mining Facility for approximately $33 million plus power deposits, at a premium to book value, and 6468 ASIC Bitcoin Miners for an additional $9.48 million. And as part of the $33 million of consideration, Mawson will receive up to approximately $11 Million in CleanSpark stock ($4.5 million of which is subject to meeting certain earn-out commitments), which if the full amount is achieved would result in Mawson owning approximately 5.5% of the outstanding common stock of CleanSpark (calculated as of today’s date).
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