secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0000950170-24-043878
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark exercises option for 100K S21 Pro miners at $374.4M, boosting hashrate by 17% to 23.4 EH/s
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- Supplemental Agreement with Bitmain upgrades option from S21 to S21 Pro; total purchase price $374.4M for 100,000 units.
- S21 Pro offers 234 TH/s, 15 J/TH efficiency (14% improvement over S21); cost per terahash remains $16.
- Delivery scheduled from June to December 2024; adds 23.4 EH/s to fleet.
- CleanSpark reports operating hashrate exceeded 17 EH/s as Dalton, GA data center goes online.
- CEO cites efficiency advantage ahead of halving, expects increased market share as older miners go offline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017024043878/0000950170-24-043878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017024043878/clsk-20240411.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-043878

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