Overview

• Shares rose about 6% in after-hours trading and are up roughly 33% over the past five sessions following the announcement.
• Proceeds are earmarked to expand the energy portfolio, scale Bitcoin mining capacity, and build high-performance computing capabilities.
• The company plans to convert select facilities near major metro areas into diversified compute campuses targeting AI and cloud demand.
• By collateralizing Bitcoin rather than selling it or issuing new shares, CleanSpark treats its holdings as a working asset while retaining price exposure.
• Brett Tejpaul of Coinbase Institutional publicly backed the move and highlighted Coinbase Prime’s custody and credit infrastructure supporting the facility.