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CleanSpark Inc. (Nasdaq: CLSK) is a leading Bitcoin mining company powering operations through sustainable energy solutions. This page provides investors and stakeholders with centralized access to official announcements, financial disclosures, and strategic developments.
Track CLSK's operational milestones including mining capacity expansions, energy efficiency improvements, and sustainability initiatives. Stay informed through verified updates on quarterly earnings, technology deployments, and regulatory compliance matters relevant to cryptocurrency mining operations.
Key content includes facility expansions, hashrate achievements, energy partnerships, and market positioning updates. All materials are sourced directly from company communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to CleanSpark's evolving role in sustainable Bitcoin mining. Check regularly for updates on operational efficiency benchmarks and strategic responses to cryptocurrency market dynamics.
CleanSpark (CLSK) released its December 2024 bitcoin mining update, reporting 668 bitcoin mined in December and a total of 7,024 bitcoin produced in 2024. The company achieved significant growth with a 287.9% hashrate increase and 33.3% efficiency improvement year over year, reaching 39.1 EH/s operating hashrate by year-end.
Key operational highlights include a $650 million zero-coupon convertible notes offering, expansion into three new states, and completion of multiple site expansions. The company's bitcoin holdings stood at 9,952 as of December 31, with only 12.65 bitcoin sold during December at an average price of $101,246.
Notable developments include fully operational facilities in Clinton, Mississippi (1 EH/s), progress in Jackson, Tennessee (projected 3.7 EH/s), and advancement in Cheyenne, Wyoming (expected 5 EH/s). The company aims to achieve 50 EH/s by mid-2025.
CleanSpark (CLSK) has surpassed its 2024 year-end target by achieving 37.5 EH/s in operating hashrate with a fleet efficiency of 17.7 J/Th. The company has energized new data centers in Tennessee and Wyoming as part of a multistage process. Following a recent $650 million zero-coupon convertible bond offering, CleanSpark has accelerated its 50 EH/s target to the first half of 2025. The expansion will be funded through greenfield development, organic growth, and strategic M&A.
The company's hashrate has expanded nearly 300% since early 2024, with operations across Georgia, Wyoming, Tennessee, Mississippi, and New York. CleanSpark's bitcoin treasury is approaching 10,000 bitcoin, all self-mined, demonstrating strong operational performance.
CleanSpark (CLSK) has completed its previously announced $650 million offering of 0.00% Convertible Senior Notes due 2030, including the full exercise of a $100 million option by initial purchasers. The company implemented capped call transactions with a cap price of $24.66 per share and repurchased 11.76 million shares for approximately $145 million.
The net proceeds of approximately $633.6 million will be used for capital expenditures, potential acquisitions, and general corporate purposes. About $90.4 million was allocated to capped call transactions, and $145.0 million for share repurchases. The company plans to use the funds to support growth to 50 EH/s and continue adding mined bitcoin to its balance sheet.
CleanSpark (CLSK) has announced the pricing of $550 million in 0.00% Convertible Senior Notes due 2030. The notes will be sold to qualified institutional buyers under Rule 144A. The conversion price is set at $14.80 per share, representing a 20% premium to the closing price of $12.33.
The company plans to use the net proceeds of approximately $535.9 million for: $76.5 million for capped call transactions, $145 million for share repurchases from note investors, and the remainder for debt repayment, capital expenditures, acquisitions, and general corporate purposes. The notes include capped call transactions with an initial cap price of $24.66 per share, representing a 100% premium to the current stock price.
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.
