On April 22, 2022, CleanSpark, Inc. entered into a Master Equipment Financing Agreement with Trinity Capital Inc., as the Lender. The Financing Agreement provides for up to $35 million of borrowings to finance the Company's acquisition of blockchain computing equipment and received a loan of $20 million at close, with the remaining $15 million fundable upon the Company's request no later than December 31, 2022, subject to certain customary conditions. The loans have a term of 36 months from issuance with a monthly rate factor of at least 0.032198 payable monthly on the total cost of the equipment purchased with such borrowing.
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Apr. 12 | CleanSpark Exercises Option to Buy Upgraded 100,000 Bitcoin Mining Machines | MT |
Apr. 10 | JPMorgan Raises Price Target on CleanSpark to $15 From $14, Maintains Neutral Rating | MT |
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