---
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"
generated_at: "2026-05-16T20:44:09.653006+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# CleanSpark closes $1.15B zero-coupon convertible notes; repurchases 30.6M shares for $460M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-280105
- JSON: https://secwatch.observer/filing/0001193125-25-280105.json
- Plain text: https://secwatch.observer/filing/0001193125-25-280105.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/827876/000119312525280105/0001193125-25-280105-index.htm

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