CleanSpark announced plans to offer $550 million in convertible senior notes due 2030, with an option for an additional $100 million. The private offering targets qualified institutional buyers under Rule 144A. Proceeds will fund capped call transactions, share repurchases up to $125 million, debt repayment, and general corporate purposes.The notes will be senior unsecured obligations without regular interest. Conversion options include cash, common stock, or a combination. CleanSpark plans to enter capped call transactions to reduce potential dilution. The company will also repurchase shares from certain note investors at the closing price on the pricing date.This offering is subject to market conditions and may not be completed. The notes and related common shares are not registered under the Securities Act and may not be offered or sold in the U.S. without registration or exemption.

CleanSpark announced plans to offer $550 million in convertible senior notes due 2030, with an option for an additional $100 million. The private offering targets qualified institutional buyers under Rule 144A. Proceeds will fund capped call transactions, share repurchases up to $125 million, debt repayment, and general corporate purposes.The notes will be senior unsecured obligations without regular interest. Conversion options include cash, common stock, or a combination. CleanSpark plans to enter capped call transactions to reduce potential dilution. The company will also repurchase shares from certain note investors at the closing price on the pricing date.This offering is subject to market conditions and may not be completed. The notes and related common shares are not registered under the Securities Act and may not be offered or sold in the U.S. without registration or exemption.