CLEANSPARK, INC. (CLSK): debt financing — CleanSpark closes $1.15B zero-coupon convertible notes; repurchases 30.6M shares for $460M

CLEANSPARK, INC.

Aggregate principal $1.15B of 0.00% Convertible Senior Notes due 2032; net proceeds ~$1.13B.
Used $460M to repurchase 30.6M shares (≈10.9% of outstanding) from investors; no D&O shares bought.
Initial conversion price ~$19.16/share (52.1832 shares per $1,000 principal).
Remaining proceeds for power/land expansion, data center development, and bitcoin-backed credit repayment.
Notes are unsecured, no interest, redeemable after Feb 20, 2029 if stock trades ≥130% of conversion price.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CLEANSPARK, INC. incurred convertible notes of $1,150,000,000 with Cantor Fitzgerald & Co. at 0.00% maturing February 15, 2032.

Instrument: convertible notes
Principal: $1,150,000,000
Counterparty: Cantor Fitzgerald & Co.
Rate: 0.00%
Maturity: February 15, 2032
Event: incurrence

Exact text from the filing

institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of notes sold in the offering was $1,150,000,000. The notes are senior unsecured obligations of the Company and are not guaranteed by any of the Company's subsidiaries. The notes were issued at a price equal to 100% of their

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317 debt financings filed in the last 30 days. Browse all debt financings →

CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-280105

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