Planned repayment of Coinbase line of credit
Company: CleanSpark
The claim, verbatim
Company intends to use remaining net proceeds to repay in full the $50.0 million outstanding under its line of credit with Coinbase
Source (primary)
CleanSpark 8-K filed 2024-12-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “intends to use the remaining net proceeds for the repayment in full of the $50.0 million outstanding under the Company's line of credit with Coinbase”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing says the Company intends to use the remaining net proceeds to repay in full the $50.0 million owed on its Coinbase line of credit. The same remaining proceeds are also earmarked for capital expenditures, potential acquisitions and general corporate purposes.
Confirmed in the source:
- CleanSpark intends to use remaining net proceeds to repay in full the $50.0 million outstanding under its line of credit with Coinbase
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000095017024137362/clsk-20241217.htm) in full (15,324 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2024-12-17
Quote: “intends to use the remaining net proceeds for the repayment in full of the $50.0 million outstanding under the Company's line of credit with Coinbase”