Cleanspark Inc.
CleanSpark Announces $1 Billion Convertible Notes Offering
Summary
CleanSpark, Inc. announced on November 10, 2025, its intention to offer $1 billion of convertible senior notes due 2032 in a private offering to qualified institutional buyers under Rule 144A. The offering is subject to market conditions and other factors, with an additional option for initial purchasers to buy up to $200 million more in notes. The company plans to use up to $400 million of the net proceeds for share repurchases and the remainder for expanding its power and land portfolio, developing data center infrastructure, repaying debts, and other corporate purposes. This announcement was made concurrently with a Regulation FD disclosure of a $59 million liability accrual for miner acquisition costs and indirect tax exposure.
Profitelligence Alerts
Get alerts for CLSK
Be first to know when Cleanspark Inc. files with the SEC.
Filing Categories
Advertisement
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
Advertisement