Intended use of remaining net proceeds from offering
Company: CleanSpark
The claim, verbatim
The Company intends to use the remaining net proceeds for expansion of its power and land portfolio, development of data center infrastructure, repayment of outstanding bitcoin-backed line of credit balances, and general corporate purposes
Source (primary)
cleanspark 8-K exhibit (clsk-ex99_1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-26)Live source ↗
Quote: “intends to use the remaining net proceeds for the expansion of its power and land portfolio, the development of data center infrastructure, the repayment of outstanding bitcoin-backed line of credit balances and general corporate purposes”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The press release lists exactly these four intended uses for the net proceeds remaining after the share repurchase.
Confirmed in the source:
- CleanSpark intends to use the remaining net proceeds to expand its power and land portfolio
- CleanSpark intends to use the remaining net proceeds to develop data center infrastructure
- CleanSpark intends to use the remaining net proceeds to repay outstanding bitcoin-backed line of credit balances
- CleanSpark intends to use the remaining net proceeds for general corporate purposes
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/827876/000119312525280105/clsk-ex99_1.htm) in full (6,065 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cleanspark 8-K exhibit (clsk-ex99_1.htm)
Quote: “intends to use the remaining net proceeds for the expansion of its power and land portfolio, the development of data center infrastructure, the repayment of outstanding bitcoin-backed line of credit balances and general corporate purposes”