secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0000950170-23-025545
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark buys 12,500 S19 XP miners for $40.5M; total hashrate to exceed 16 EH/s guidance
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- Purchase of 12,500 Antminer S19 XP for $40.5M ($23/TH); adds 1.76 EH/s total hashrate.
- Delivery schedule: 6,000 units in June, 6,500 units in August 2023.
- Total hashrate (deployed + under contract) exceeds year-end target of 16 EH/s.
- Machines rated at 21.5 J/TH; CEO cites optionality to replace older units consuming >30 J/TH.
- First half (6,650 machines) fully funded and paid; CFO expects higher margins post-halving.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017023025545/0000950170-23-025545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017023025545/clsk-20230526.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-025545

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer