ConvertibleActiveBTC
0% Convertible Notes due 2032
CLSK-Feb32
BTC Holdings
13,561 BTC
Total Debt
$1.81B
Leverage
140.4%
mNAV
2.66x
Outstanding
$1.15B
Insufficient history
Issue date
2025-11-13
Principal
$1.15B
Coupon
0.00%
Maturity
2032-02-15
Conversion price
$19.16
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after Feb 20 2029 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Upon fundamental change at par
- Use of proceeds
- Share repurchase, expansion of power and land portfolio, development of data center infrastructure, repayment of BTC-backed line of credit balances and general corporate purposes
Sources(1)
- Form 8-K ($1.15B conv not…FilingForm 8-K ($1.15B conv notes closing)CleanSpark, Inc. — 2025-11-13
Participants
Holders & Underwriters(1)
- Form 8-K ($1.15B conv not…Cantor Fitzgerald & Co.underwriter$1.1Bas of 2025-11-13
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-11-13 | Issuance | $1.15B | Form 8-K ($1.15B conv not… |
- 2025-11-13 — $1,150,000,000filing — CleanSpark, Inc.Source