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Cleanspark Acquires 4.4 Eh/S Of New Antminer S21 Bitcoin Miners; Expects To Achieve Hashrate Of Over 20 Eh/S

Oct 11, 2023almost 2 years ago

Acquiring Company

Ceragon

Acquired Company

Antminer S21 Bitcoin Miners

RichardsonTelecommunicationsInformation Technology

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.

Company Information

Company

Ceragon

Location

Richardson, Texas, United States

About

Ceragon is a leading global provider of 5G and mission-critical connectivity solutions. With a focus on innovation and customer-centric approach, Ceragon delivers cutting-edge wireless backhaul and fronthaul solutions that enable customers to meet the growing demand for high-capacity and reliable networks.

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M&A Insights

Based on deal data
Integration 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