Cleanspark Acquires 4.4 Eh/S Of New Antminer S21 Bitcoin Miners; Expects To Achieve Hashrate Of Over 20 Eh/S
Oct 11, 2023•almost 2 years ago
Acquiring Company
Ceragon
Acquired Company
Antminer S21 Bitcoin Miners
Description
CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin MinerTM, today announced it has purchased 4.4 exahashes per second (EH/s) of the recently announced Antminer S21 bitcoin mining machines. The acquisition continues CleanSpark's track record as one of the largest, most efficient publicly traded bitcoin miners in North America.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed