Welcome to our dedicated page for Cleanspark news (Ticker: CLSK), a resource for investors and traders seeking the latest updates and insights on Cleanspark stock.
CleanSpark, Inc. (Nasdaq: CLSK), known as America’s Bitcoin Miner®, generates frequent news through its Bitcoin mining operations, data center development projects, financing activities, and strategic evolution into AI and high-performance computing. This news page aggregates those updates so readers can follow how the company is deploying power, scaling hashrate, and expanding its digital infrastructure footprint.
Regular Bitcoin mining and operations updates provide detail on monthly production, operational hashrate, fleet efficiency, and power utilization. These releases also discuss growth initiatives such as new megawatts of data center capacity coming online, expansions at sites in places like Tennessee and Georgia, and progress on immersion-cooled facilities and hosting arrangements tied to acquisitions.
CleanSpark’s news flow also covers major development projects and corporate milestones. Recent announcements include rights to hundreds of acres of land in Texas and long-term power agreements intended to support dedicated AI data centers and next-generation data center campuses, as well as a definitive agreement to acquire land and transmission-level power capacity near Houston. These items highlight the company’s efforts to build large-scale, transmission-connected sites for AI and HPC workloads alongside Bitcoin mining.
Investors and observers will also find coverage of capital markets transactions and credit facilities, such as the company’s zero-coupon Convertible Senior Notes due 2032, share repurchases, and bitcoin-backed lending arrangements with institutional counterparties. Governance and regulatory updates, including changes to bylaws, codes of ethics, and risk factor disclosures related to diversification into data center development, are reported through SEC-related press releases.
By reviewing this news feed, readers can track CleanSpark’s operational performance, power portfolio growth, AI infrastructure initiatives, and key financial and governance developments over time.
CleanSpark (CLSK) has announced plans to offer $550 million in convertible senior notes due 2030, with an option for initial purchasers to buy an additional $100 million. The notes will be offered privately to qualified institutional buyers under Rule 144A.
The company plans to use the proceeds to fund capped call transactions, repurchase up to $125 million of common stock, repay Coinbase credit line, and for capital expenditures and acquisitions. The notes will be senior unsecured obligations, bearing no regular interest, and will be convertible into cash, common stock, or a combination thereof at CleanSpark's election.
The conversion terms will be determined during pricing negotiations. CleanSpark will enter into capped call transactions to reduce potential dilution and offset cash payments above principal amount upon conversion.
CleanSpark released its November 2024 bitcoin mining update, reporting 622 bitcoin mined with a daily production high of 21.65 bitcoin. The company achieved a month-end operating hashrate of 33.7 EH/s with fleet efficiency of 19.05 J/Th, representing increases of 7% and 6% respectively. Two new mining sites in Clinton, MS, are expected to add 1 EH/s, while expansion projects in Tennessee will help reach the year-end target of 37 EH/s. The company sold 26.11 bitcoin at an average price of $84,356 and held 9,297 bitcoin by month-end. Construction of two immersion-cooled facilities in Wyoming is progressing, expected to add 5 EH/s.
CleanSpark reported strong financial results for FY2024, with revenue increasing 125% year-over-year to $378.9 million. The company's hashrate surpassed 33.5 EH/s, with plans to reach 37 EH/s by year-end and 50 EH/s in 2025. Despite posting a net loss of $145.8 million, adjusted EBITDA improved significantly to $245.8 million. The company's balance sheet shows $122.2 million in cash and $509.5 million in Bitcoin holdings (8,049 BTC). CleanSpark expanded its operating portfolio to 726 MW through both M&A and organic growth, maintaining strong performance despite the Bitcoin halving event.
CleanSpark Inc. (Nasdaq: CLSK) has announced it will host a webcast to discuss its fiscal full year 2024 financial results on Monday, December 2, 2024, at 4:30 p.m. EST/ 1:30 p.m. PST. The financial results will be released after regular trading hours on the same day. Transcripts and downloadable files will be made available on the company's website within 48 hours after the event.
CleanSpark (Nasdaq: CLSK) announced the resumption of trading of its common stock on Nasdaq at 10:15am EST on November 11, 2024.
The trading halt was previously imposed by Nasdaq due to a clerical error related solely to the outstanding warrants.
CleanSpark (CLSK) addressed a Nasdaq trading halt related to a clerical error in warrant conversion calculations following the GRIID Infrastructure acquisition on October 30, 2024. The issue concerns the calculation of outstanding warrants (CLSKW) and their underlying shares. The company emphasizes that the halt is not related to its business operations, SEC filings, or financial statements.
The 13,800,000 warrants should represent rights to purchase 960,395 shares of CleanSpark common stock at $165.24 per share, reflecting a merger exchange ratio of 0.069593885. The company is working with Nasdaq to resolve the issue and resume trading.
CleanSpark (CLSK) released its October 2024 bitcoin mining update, reporting 655 bitcoin mined, a 32% increase from the previous month. The company completed the acquisition of GRIID Infrastructure, expanding its Tennessee Valley Authority-powered operations. CleanSpark's deployed fleet reached 196,032 units with a month-end operating hashrate of 31.3 EH/s. The company sold 2.78 bitcoin at an average price of $62,470. Construction projects are underway in Wyoming, Mississippi, and Tennessee, with new facilities expected to be operational before 2025.
CleanSpark (CLSK) has completed its acquisition of GRIID Infrastructure following shareholder approval on October 28, 2024. The merger, which converts each GRIID share into approximately 0.06959 CLSK shares, positions CleanSpark to expand its Bitcoin mining capacity in Tennessee to over 400 MW. The strategic acquisition enhances geographic and power supply diversity through the Tennessee Valley Authority (TVA) service territory. GRIID's common stock and public warrants will be delisted from Nasdaq and Cboe Canada by October 31, 2024.
CleanSpark Inc. (Nasdaq: CLSK) has announced achieving 30 EH/s in operational hashrate, marking a 200% increase since October 2023. This growth is attributed to organic expansion, acquisitions, and fleet upgrades, resulting in a 20% efficiency improvement and a 112% increase in operational machines. The company expects to reach 37 EH/s by the end of 2024 and aims for 50 EH/s in 2025.
CleanSpark anticipates additional hashrate from the expected acquisition of GRIID Infrastructure Inc. The company has added more operational hashrate than any other miner in 2024 and has grown its bitcoin treasury to over 8,049 bitcoin. CEO Zach Bradford highlighted the company's rapid scaling and capital efficiency, emphasizing their success in timing the market and securing favorable pricing on rigs and sites.
CleanSpark Inc. (Nasdaq: CLSK) has appointed Brian Carson as chief accounting officer. Previously serving as director of financial reporting, Carson will continue to oversee accounting and SEC financial reporting while implementing new systems to match the company's growth. With over 30 years of experience in corporate accounting and financial planning, Carson has been instrumental in navigating CleanSpark through significant growth periods, particularly in digital asset accounting.
Carson joined CleanSpark in October 2022 after working as a director and financial controller for SAHARA Las Vegas. He began his career as an audit manager with Deloitte and has been a Certified Public Accountant (CPA) for more than two decades. Carson holds a bachelor's degree in accounting from Westminster University.