{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-280105","form_type":"8-K","ticker":"CLSK","cik":"0000827876","company_name":"CLEANSPARK, INC.","filed_at":"2025-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.284890+00:00","generated_at":"2026-05-16T20:44:09.653006+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"CleanSpark closes $1.15B zero-coupon convertible notes; repurchases 30.6M shares for $460M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-280105","json":"https://secwatch.observer/filing/0001193125-25-280105.json","markdown":"https://secwatch.observer/filing/0001193125-25-280105.md","text":"https://secwatch.observer/filing/0001193125-25-280105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827876/000119312525280105/0001193125-25-280105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827876/000119312525280105/clsk-20251113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T20:44:09.653006+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"16ad55ab0eec3c86baaa946b5a2f8200cebc9a5c","claim":"CLEANSPARK, INC. incurred convertible notes of $1,150,000,000 with Cantor Fitzgerald & Co. at 0.00% maturing February 15, 2032.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/827876/000119312525280105/0001193125-25-280105-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,150,000,000"},{"label":"Counterparty","value":"Cantor Fitzgerald & Co."},{"label":"Rate","value":"0.00%"},{"label":"Maturity","value":"February 15, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}