Sep 25, 4:52 PM ET
CleanSpark's subsidiary CSDC Finance I, LLC closed a private offering of $2.276 billion in 7.875% senior secured notes due October 1, 2031, priced at 98.500% of principal. Proceeds are intended to finance the remaining cost of the Sandersville Facility, a Georgia data center, reimburse prior equity contributions, and fund debt service reserves. The notes are secured obligations of the issuer, and CleanSpark has agreed to a completion guarantee for the facility if funding falls short.
- Principal of $2,276.0 million sold at 98.500% of par, with interest of 7.875% per year paid semiannually from April 1, 2027
- Notes mature October 1, 2031; issuer may redeem on or after October 1, 2028, with a make-whole premium before that date
- Indenture limits additional debt, dividends, asset sales and affiliate transactions; change of control triggers an offer to repurchase at 101% of principal
- CleanSpark will provide a completion guarantee for the Sandersville Facility, funding the issuer if proceeds and prior equity contributions are insufficient
Read the filing on SEC.gov ↗
Aug 6, 4:10 PM ET
CleanSpark reported results for the fiscal third quarter ended June 30, 2026, with revenue of $138.0 million, down 30.5% from a year earlier, and a net loss of $239.8 million, or $0.89 per basic share, compared with net income of $257.4 million in the prior-year quarter. The filing also highlights a signed 20-year, $6.6 billion triple-net lease at Sandersville and that the anticipated equity portion of that project has been fully funded.
- Quarterly revenues were $138.0 million, down $60.6 million, or 30.5%, from $198.6 million a year earlier.
- Net loss was $239.8 million, or $0.89 per basic share, versus net income of $257.4 million, or $0.90 per basic share, in the prior-year quarter.
- Adjusted EBITDA, a non-GAAP measure, was negative $113.0 million, compared with $377.7 million in the prior-year quarter.
- CleanSpark signed a 20-year, $6.6 billion triple-net lease at Sandersville and has pre-paid all long-lead items for the project.
Read the filing on SEC.gov ↗
May 11, 4:24 PM ET
CleanSpark reported results for the fiscal quarter ended March 31, 2026, with revenue of $136.4 million, down 24.9% from $181.7 million a year earlier. The net loss widened to $378.3 million, or $1.52 per basic share, from $138.8 million, or $0.49 per share, in the prior-year quarter, and the company's non-GAAP Adjusted EBITDA loss grew to $241.2 million from $57.8 million, which weighs on shareholder returns.
- Quarterly revenue was $136.4 million versus $181.7 million a year earlier, a decrease of 24.9%.
- Net loss was $378.3 million, or $1.52 per basic share, versus $138.8 million, or $0.49 per share, a year earlier.
- Loss on fair value of bitcoin was $224.1 million in the quarter, compared with $127.7 million a year earlier.
- As of March 31, 2026, cash was $260.3 million and total long-term debt, net, was $1.8 billion.
Read the filing on SEC.gov ↗
Feb 5, 4:08 PM ET
CleanSpark reported results for the quarter ended December 31, 2025, with revenue of $181.2 million, up $18.9 million or 11.6% from a year earlier. The company posted a net loss of $378.7 million, or $1.35 per basic share, compared with net income of $246.8 million, or $0.85 per basic share, in the prior-year period. For shareholders, higher revenue was offset by a sharp swing to a loss, which the filing ties in part to a $246.8 million loss on the fair value of bitcoin.
- Revenue: $181.2 million, up 11.6% from $162.3 million
- Net loss: $378.7 million, or $1.35 per basic share, versus net income of $246.8 million, or $0.85 per share, a year earlier
- Adjusted EBITDA (non-GAAP): ($295.4) million, versus $321.6 million a year earlier
- Cash of $458.1 million and total long-term debt, net, of $1.8 billion as of December 31, 2025
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.