---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-136048"
form_type: "8-K"
ticker: "CLSK"
cik: "0000827876"
company_name: "CLEANSPARK, INC."
filed_at: "2024-12-13T23:59:59+00:00"
generated_at: "2026-05-29T03:48:39.142725+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CleanSpark prices $550M zero-coupon convertible notes due 2030; conversion premium 20%

## Summary
- $550M 0.00% convertible senior notes due 2030, initial conversion price ~$14.80 per share (20% premium).
- Entered capped call transactions with cap price $24.66 (100% premium) to reduce potential dilution.
- Company agreed to repurchase ~$145M of its common stock from note investors at $12.33/share.
- Net proceeds ~$535.9M ($633.6M if upsize exercised); use includes repaying Coinbase line, capex, acquisitions.
- Offering expected to close Dec 17, 2024; initial purchasers have 13-day option for additional $100M in notes.

## SEC filing metadata
- accession: 0000950170-24-136048
- form_type: 8-K
- ticker: CLSK
- cik: 0000827876
- company_name: CLEANSPARK, INC.
- filed_at: 2024-12-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827876/000095017024136048/0000950170-24-136048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827876/000095017024136048/clsk-20241212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-136048
- JSON: https://secwatch.observer/filing/0000950170-24-136048.json
- Plain text: https://secwatch.observer/filing/0000950170-24-136048.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.