---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-137362"
form_type: "8-K"
ticker: "CLSK"
cik: "0000827876"
company_name: "CLEANSPARK, INC."
filed_at: "2024-12-17T23:59:59+00:00"
generated_at: "2026-05-29T02:39:43.320893+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CleanSpark closes $650M zero-coupon convertible note offering; repurchases $145M of stock

## Summary
- $650M aggregate principal of 0.00% Convertible Senior Notes due 2030, including $100M greenshoe exercised.
- Net proceeds ~$633.6M; used $90.4M for capped calls, $145M to buy back 11.76M shares, and to repay $50M Coinbase line.
- Initial conversion price ~$14.80 per share; cap price of capped calls $24.66 (100% premium over $12.33 Dec 12 close).
- CEO says growth to 50 EH/s fully funded; no immediate plans for another equity offering.
- Company expects no net dilution if conversions settled in cash and shares, until stock exceeds $33.67.

## SEC filing metadata
- accession: 0000950170-24-137362
- form_type: 8-K
- ticker: CLSK
- cik: 0000827876
- company_name: CLEANSPARK, INC.
- filed_at: 2024-12-17T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827876/000095017024137362/0000950170-24-137362-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827876/000095017024137362/clsk-20241217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-137362
- JSON: https://secwatch.observer/filing/0000950170-24-137362.json
- Plain text: https://secwatch.observer/filing/0000950170-24-137362.txt

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