jain.com
The Analysis · Companies · People · Methodology

Planned use of remaining convertible notes proceeds

Company: CleanSpark

Subject kind
guidance
Statement date
2025-11-12
Current status
stated

The claim, verbatim

The Company intends to use the remaining net proceeds for expansion of 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 filed 2025-11-13 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “intends to use the remaining net proceeds for the expansion of the Company's 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

Attempted on September 16, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000119312525280105/clsk-20251113.htm) in full (12,957 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms CleanSpark 8-K filed 2025-11-13

Quote: “intends to use the remaining net proceeds for the expansion of the Company's power and land portfolio, the development of data center infrastructure, the repayment of outstanding bitcoin-backed line of credit balances and general corporate purposes.”

View cached copy (2026-08-31)Live source ↗