CleanSpark Upsizes $1.15 Billion Convertible Notes Offering

Cleanspark ( (CLSK) ) has shared an announcement.

On November 10, 2025, CleanSpark, Inc. announced the upsize and pricing of its $1.15 billion 0.00% Convertible Senior Notes due 2032, intended for qualified institutional buyers. The offering, expected to close on November 13, 2025, includes an option for initial purchasers to buy an additional $150 million in notes. The proceeds will be used for share repurchases, expanding power and land portfolios, developing data center infrastructure, repaying bitcoin-backed credit, and general corporate purposes. This strategic move could enhance CleanSpark’s market positioning by strengthening its financial resources and operational capabilities.

The most recent analyst rating on (CLSK) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Cleanspark stock, see the CLSK Stock Forecast page.

Spark’s Take on CLSK Stock

According to Spark, TipRanks’ AI Analyst, CLSK is a Outperform.

Cleanspark’s strong technical indicators and positive earnings call sentiment drive its high score. Financial performance is robust, though cash flow challenges present a risk. Valuation is moderate, reflecting a balanced risk-reward profile.

To see Spark’s full report on CLSK stock, click here.

More about Cleanspark

CleanSpark, Inc. (Nasdaq: CLSK), known as America’s Bitcoin Miner®, is a leading data center developer with a strong presence in the United States. The company specializes in optimizing infrastructure to monetize low-cost, high-reliability energy, focusing on delivering superior returns to shareholders. CleanSpark operates at the intersection of Bitcoin, energy, operational excellence, and capital stewardship, owning a portfolio of over 1.3 GW of power, land, and data centers.

Average Trading Volume: 29,926,234

Technical Sentiment Signal: Strong Buy

Current Market Cap: $4.48B

See more data about CLSK stock on TipRanks’ Stock Analysis page.