CleanSpark, Inc. Files 8-K on Material Definitive Agreement

TL;DR

CLSK filed an 8-K for a material definitive agreement - new financial obligations incoming.

AI Summary

On September 18, 2025, CleanSpark, Inc. entered into a material definitive agreement related to its financial obligations. The company, incorporated in Nevada, filed this 8-K report with the SEC.

Why It Matters

This filing indicates a significant new financial commitment or arrangement for CleanSpark, Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial risks or opportunities, requiring careful evaluation of the terms and potential impact on the company's balance sheet.

Key Players & Entities

• CleanSpark, Inc. (company) — Registrant
• September 18, 2025 (date) — Date of earliest event reported
• Nevada (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share CLSK The Nasdaq Stock Mar
• $165.24 — of common stock at an exercise price of $165.24 per whole share CLSKW The Nasdaq St
• $300 m — sed to an aggregate lending capacity of $300 million, enabling the Company to draw fun

Filing Documents

• clsk-20250918.htm (8-K) — 66KB
• clsk-ex10_1.htm (EX-10.1) — 9KB
• clsk-ex99_1.htm (EX-99.1) — 16KB
• 0001193125-25-213437.txt ( ) — 233KB
• clsk-20250918.xsd (EX-101.SCH) — 44KB
• clsk-20250918_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On September 18, 2025, CleanSpark, Inc. (the " Company ") entered into a side letter (the " Coinbase Side Letter ") to its Master Loan Agreement (the " Original Coinbase Master Loan Agreement ") with Coinbase Credit, Inc. (" Coinbase ") and Coinbase, Inc., as the lending service provider (together, the " Coinbase Parties "), the original of which was executed on August 7, 2024 and subsequently amended on April 14, 2025. Under the Original Coinbase Master Loan Agreement, as amended by the Side Letter (collectively, the " Coinbase Master Loan Agreement "), Coinbase may extend digital asset or cash loans to the Company on terms to be specified in individual loan confirmations executed under the Coinbase Master Loan Agreement, increased to an aggregate lending capacity of $300 million, enabling the Company to draw funds secured by Bitcoin to be deployed into strategic capital expenditures, including expanding CleanSpark's energy portfolio, scaling its Bitcoin mining operations, and investing in high-performance computing (HPC) capabilities. General Nature of the Facility Pursuant to the Coinbase Master Loan Agreement, the Company may borrow digital assets or cash from Coinbase from time to time. Each loan is documented in a separate confirmation that sets forth the specific terms, including principal amount, fees, collateral requirements, and the date on which the loan is to commence. Interest Rate The Loan Fee Rate, effectively the interest rate on the borrowed amounts, is to be determined for each loan and is calculated on a daily basis at the annualized rate specified in each confirmation. Maturity Each loan may have a fixed term or be open (i.e., terminable on demand), as specified in its confirmation. In general, either party can terminate a loan by providing notice within the time frame set forth in the Coinbase Master Loan Agreement. Upon termination, the borrowed digital assets or cash must be r

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On September 22, 2025, the Company announced the increase in the Coinbase line of credit under the Side Letter. A copy of the press release is furnished with this Report as Exhibit 99.1 and is incorporated herein by reference. The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing under the Act, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Coinbase Side Letter, dated September 18, 2025. 99.1 Press Release, dated September 22, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CLEANSPARK, INC. Date: September 23, 2025 By: /s/ Leighton R. Koehler Leighton R. Koehler, General Counsel 4

View Full Filing

View this 8-K filing on SEC EDGAR