CleanSpark prices $1.15B 0% convertible notes due 2032; plans $460M stock repurchase

CLEANSPARK, INC.

$1.15B 0% convertible senior notes due 2032; initial conversion price $19.16 (27.5% premium to $15.03 close).
Company to repurchase ~$460M of common stock from note investors at $15.03/share.
Net proceeds ~$1.13B ($1.28B if overallotment exercised) for expansion, data centers, and repay bitcoin-backed credit lines.
Closing expected Nov 13, 2025; initial purchasers have 13-day option for additional $150M.
Notes convertible at CleanSpark's option into cash, shares, or both; no interest; mature Feb 15, 2032.

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