As the crypto winter continues to weigh on the industry, bitcoin miner CleanSpark (CLSK) said it will continue to seek growth through accretive acquisitions of mining assets. “We don’t feel compelled to go out and do M&A, but obviously if we see a good deal, we’ll take advantage of it,” said Chief Financial Officer Gary Vecchiarelli on Thursday’s fiscal first-quarter earnings conference call. He also believes that if bitcoin’s price does not reach $40,000 before the next halving event, there will be a large number of smaller miners, particularly private companies, who will be unable to access capital markets, creating potential opportunities for CleanSpark.
