Cleanspark Inc Stock Price, News & Analysis

CleanSpark (Nasdaq: CLSK) priced and upsized a private offering of $1.15 billion aggregate principal 0.00% convertible senior notes due 2032, with a 27.5% conversion premium and an initial conversion rate equal to ~52.1832 shares per $1,000 (≈ $19.16 per share).

The company expects net proceeds of ~$1.13 billion (or ~$1.28 billion if the $150 million option is exercised) and will use approximately $460 million to repurchase common shares from certain investors at the $15.03 closing price on November 10, 2025; remaining proceeds target power/land expansion, data center development, repayment of bitcoin-backed lines and general corporate purposes. Closing expected November 13, 2025.

CleanSpark (Nasdaq: CLSK) intends to privately offer $1.0 billion aggregate principal amount of convertible senior notes due Feb 15, 2032, with an initial purchasers' option for an additional $200 million. The company expects to use up to $400 million of net proceeds to repurchase common stock and the remainder for power and land portfolio expansion, data center development, repayment of bitcoin-backed line of credit balances and general corporate purposes. The offering is subject to market conditions and may not be completed.

CleanSpark (Nasdaq: CLSK) released its unaudited October 2025 bitcoin mining and operations update on Nov 4, 2025. Key operational figures include 612 bitcoin produced in October, operational hashrate 50 EH/s, average operating hashrate 46.6 EH/s, deployed fleet 240,271 miners, and total bitcoin holdings 13,033 as of Oct 31.

Corporate developments mark a business evolution into AI/HPC: CleanSpark hired Jeffrey Thomas to lead AI data center development, selected Submer as an infrastructure partner, and acquired 271 acres plus secured 285 MW of long-term power near Houston for a dedicated AI data center. The company reported 589.88 BTC sold for $64.9M (average $110,057 per BTC) and a power portfolio of 1.31 GW under contract with 808 MW utilized.

CleanSpark (Nasdaq: CLSK) acquired rights to ~271 acres in Austin County, Texas, and executed long-term power supply agreements totaling 285 MW, increasing power under contract by 28%.

The site is on a regional fiber backbone, near natural gas pipelines for potential behind-the-meter generation. CleanSpark paid a mix of cash and common stock at closing with additional cash contingent on post-closing events. Phased development begins immediately, with energization of >200 MW expected in H1 2027.

CleanSpark (Nasdaq: CLSK) announced a strategic collaboration with Submer to evaluate development of AI-focused data center campuses in North America. The partnership combines CleanSpark's U.S. power and land assets with Submer's liquid-cooling and modular data-center technology to deliver scalable, energy-efficient AI capacity.

Key disclosed metrics include an existing portfolio of more than 1 GW and a pipeline of more than 2 GW. The companies are working under a non-binding framework and said they aim to conclude definitive agreements in the coming weeks.

CleanSpark (Nasdaq: CLSK) announced on October 20, 2025 the hire of Jeffrey Thomas as Senior Vice President of AI Data Centers as the company expands beyond pure-play bitcoin mining into AI data center infrastructure.

The company said Thomas brings 40+ years of global experience and has participated in 19 ventures that created $12 billion in shareholder value; he previously led Humain's multi‑billion AI data center program in Saudi Arabia. CleanSpark plans to leverage its vertically integrated infrastructure model and rapid site development track record to convert and expand sites, naming Georgia (College Park) as a strategic region where it has contracted additional power and real estate to pursue high‑value compute and giga‑campus opportunities.

CleanSpark (Nasdaq: CLSK) released its unaudited September 2025 mining update, reporting a 13,011 BTC treasury as of Sept 30, 2025 and year‑over‑year increases of +27% monthly production and +26% fleet efficiency. Operational hashrate reached 50.0 EH/s (average 45.6 EH/s) with deployed fleet of 241,934 miners. September production was 629 BTC (avg daily 20.95; peak day 21.71). CleanSpark executed financing milestones: a $650M 0% convertible note, ~$400M bitcoin‑backed credit capacity, and a $145M share buyback program.

The company closed the GRIID acquisition and noted 2,583 BTC posted as collateral.

CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner, has secured a new $100 million Bitcoin-backed credit facility with Two Prime, expanding its total collateralized lending facilities to $400 million. The non-dilutive financing will support the company's data center growth, Bitcoin mining hashrate deployment, and Digital Asset Management strategies.

The company currently holds a treasury balance of nearly 13,000 bitcoin and plans to utilize this financing for maximizing current megawatts, developing high-performance compute campuses, and expanding its digital asset operations. CleanSpark's management emphasizes strong cash flow position and ability to rapidly pay down debt, with the total credit capacity remaining largely undrawn.

CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner, has secured an additional $100 million in Bitcoin-backed credit capacity from Coinbase Prime (Nasdaq: COIN). The non-dilutive financing will support strategic capital expenditures, including expanding CleanSpark's energy portfolio, scaling Bitcoin mining operations, and investing in high-performance computing (HPC) capabilities.

The company plans to optimize its data centers near major metro centers through potential development of high-performance compute campuses. This expansion aligns with CleanSpark's 'Infrastructure First' strategy and aims to enhance shareholder value through diversified compute opportunities.