CleanSpark announces $550M convertible notes offering due 2030; up to $125M for share repurchase

CLEANSPARK, INC.

$550M principal amount, plus option for $100M; notes due 2030, no interest.
Up to $125M of net proceeds to repurchase common stock from note investors.
Remaining proceeds for Coinbase credit line repayment, capex, acquisitions, general corporate.
Capped call transactions to reduce dilution upon conversion; company may elect cash or shares.
Offering to QIBs under Rule 144A; not registered under Securities Act.

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