secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2025-09-25T23:59:59+00:00
Accession:  0001193125-25-216457
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark opens $100M Bitcoin-backed credit facility with Two Prime, total facilities reach $400M
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- Revolving credit facility of $100M, interest at Term SOFR + 3.55%, matures Sept 14, 2026.
- Secured by digital assets (Bitcoin); recourse limited to collateral.
- Total collateralized lending facilities reach $400M; facility largely undrawn.
- Proceeds to support hashrate deployment, HPC investments, and Digital Asset Management.
- Non-dilutive capital; management emphasizes strong cash flow to rapidly pay down debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000119312525216457/0001193125-25-216457-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000119312525216457/clsk-20250919.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-216457

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