Bitcoin miner CleanSpark_Inc plans to continue its M&A spree, taking advantage of the crypto winter, its execs said on an earnings call. by Aoyon_A
Bitcoin miner CleanSpark said it will continue to look for growth through accretive acquisitions of mining assets, as the crypto winter continues to weigh on the industry.
"We have been thoughtful and calculated buyers in this market, seeking out accretive acquisitions and efficiently deploying capital," Vecchiarelli said in a Bradford noted the move doesn't necessarily mean the company will issue any of the authorized shares, but it will give the company the option to use equity, if needed, to reach its targeted growth."We believe the [increased] shares would provide us the flexibility to not only maintain market share, but to substantially grow market share, just as we have in the past," he said on the conference call.
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