US EditionCleanSpark, Inc. Announces Proposed Private Offering of $1 Billion of Convertible Notes
CleanSpark aims to use $400 million to repurchase shares and invest remaining proceeds in power, land, and data center expansion, with convertible notes due 2032.
- On November 10, 2025, CleanSpark announced a proposed $1.15 billion convertible notes offering with an option for initial purchasers to buy up to $200 million more.
- The company plans to use proceeds to repurchase $400 million of common stock, with remaining funds for power and land portfolio expansion, data center infrastructure development, and bitcoin-backed credit lines repayment.
- Structurally, the notes are zero-coupon with no regular interest, convertible into cash, shares or both at a conversion rate 52.1832 shares per $1,000, about $19.16 per share.
- Shares reacted immediately when CleanSpark shares fell about 5%, trading at $14 pre-market, and the deal was led by Cantor Fitzgerald and BTIG.
- The notes include timeline constraints such as no redemption before February 20, 2029 and maturity on February 15, 2032, amid debt issuance by bitcoin miners and AI-aligned data infrastructure firms.
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The Union Democrat
CleanSpark, Inc. Announces Upsize and Pricing of $1.15 Billion Convertible Notes Offering
LAS VEGAS, Nov. 10, 2025 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), today announced the upsize and pricing of its offering of $1.15 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032…
Montana Standard
CleanSpark, Inc. Announces Proposed Private Offering of $1 Billion of Convertible Notes
LAS VEGAS, Nov. 10, 2025 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), today announced that it intends to offer, subject to market conditions and other factors, $1 billion aggregate principal amount of convertible senior…
Bitcoin Miner CleanSpark Taps $1.15B Notes Offering to Fuel Growth and Buybacks
TLDR: CleanSpark raises $1.15B via zero-coupon convertible notes due 2032. $460M earmarked for share buybacks at $15.03 per share. Proceeds will fund mining and data center expansion projects. Notes offer 27.5% conversion premium with redemption flexibility in 2029. CleanSpark Inc. (Nasdaq: CLSK) has priced a $1.15 billion convertible notes offering due 2032, expanding its initial plan to meet strong institutional demand. The deal, announced on…
Bitcoin.com
Cryptocurrency News | Cryptocurrency Prices | Market CapCleanspark Rolls out $1 Billion Convertible Note Plan for Expansion
Cleanspark announced plans to offer $1 billion in convertible senior notes due 2032, with an additional $200 million option for initial purchasers. Cleanspark Plans $1B Private Notes Sale to Fuel Growth, Buy Back Shares According to the company’s latest filing, Cleanspark (Nasdaq: CLSK) intends to use up to $400 million of the proceeds to repurchase […]
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