Cleanspark Inc.
CleanSpark Announces Proposed Private Offering of $550 Million Convertible Notes
Summary
On December 12, 2024, CleanSpark, Inc. announced its intention to offer $550 million of convertible senior notes due 2030 in a private offering to qualified institutional buyers under Rule 144A. The company also expects to grant initial purchasers an option to purchase up to an additional $100 million of the notes. CleanSpark intends to use the net proceeds for capped call transactions, share repurchases, and for the repayment of its line of credit, capital expenditures, acquisitions, and general corporate purposes. A press release detailing the offering is furnished as Exhibit 99.1.
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Exhibits (1)
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About Cleanspark Inc.
Cleanspark Inc. is a technology company primarily focused on providing advanced energy software and control technology solutions. The company's main objective is to help customers achieve energy efficiency and maximize cost savings through its innovative microgrid design and energy analytics. Cleanspark Inc. offers services to a wide range of markets including commercial, industrial, and residential sectors, as well as unique solutions for military and municipal applications. Its solutions empower users to take control of their power needs by integrating multiple power sources, energy storage, and intelligent control systems. As the demand for sustainable and resilient energy solutions increases, Cleanspark Inc. plays a significant role in the transition towards more decentralized and efficient energy systems, aligning with global sustainability trends and energy independence initiatives.
Official SEC Documents
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