CleanSpark proposes $1B convertible note offering, discloses $59M tax liability

CLEANSPARK, INC.

Proposes $1B convertible senior notes due 2032; initial purchasers may buy additional $200M.
Up to $400M of net proceeds to repurchase shares from note investors; remainder for expansion.
Disclosed $59M liability accrual for miner acquisition costs and state use taxes.
Notes are zero-coupon, convertible into cash or shares at company's election, maturity Feb 2032.
Offering subject to market conditions; no assurance of completion.

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