CleanSpark agrees to acquire GRIID for $155 million amid mining struggles
The deal comes at a time when several miners are struggling due to the impact of the mining event on their revenues.
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CoreWeave will gain access to 70 MW alongside an earlier 200 MW agreeement.
The same issues are at play in several other US states.
Riot Platforms said it is abandoning its Bitfarms acquisition bid until a new board is constituted.
The miner says the investment would help to boost its data center portfolio.
According to a recent analysis by JP Morgan, the growth is driven by an increase in network hashrate share and diversification into artificial intelligence (AI) data center ventures.
Two telecom firms are involved in crypto mining.