---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-274179"
form_type: "8-K"
ticker: "CLSK"
cik: "0000827876"
company_name: "CLEANSPARK, INC."
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:49:01.922879+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-274179
- form_type: 8-K
- ticker: CLSK
- cik: 0000827876
- company_name: CLEANSPARK, INC.
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827876/000119312525274179/0001193125-25-274179-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827876/000119312525274179/clsk-20251110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-274179
- JSON: https://secwatch.observer/filing/0001193125-25-274179.json
- Plain text: https://secwatch.observer/filing/0001193125-25-274179.txt

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