CLSK, US18452B2097

CleanSpark closes $2.276 billion notes deal: USD 23.88 target for CleanSpark stock

Published on 10/07/2026 at 03:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mining revenue fell 30.50 percent to USD 138.01 million in the third quarter. CleanSpark stock had a EUR 10.94 prior close on October 5, 2026.

CLSK, US18452B2097, Illustration mit AI erstellt.

CleanSpark, Inc. (ISIN US18452B2097) closed a USD 2.276 billion senior secured notes offering on September 25, 2026. The financing targets the Sandersville data center project, while a USD 23.88 consensus target cited by MarketBeat on October 2, 2026 keeps the equity valuation discussion firmly above recent trading levels.

Debt funds Sandersville expansion

According to CleanSpark in its September 25, 2026 release, the notes carry a 7.875 percent interest rate and mature in 2031. The company said its portfolio spans more than 1.8 gigawatts of power, land and data centers across the United States.

The capital structure is the central counterweight to the data center opportunity. A StockTitan summary put total debt at USD 1.78 billion as of June 30, 2026, compared with USD 202.6 million of cash and cash equivalents.

Revenue pressure meets analyst optimism

CleanSpark reported bitcoin mining revenue of USD 138.01 million in the third quarter of fiscal 2026, down 30.50 percent from the prior-year quarter, according to MarketBeat. The company also posted a USD 239.80 million net loss, compared with net income of USD 257.40 million in the prior-year quarter, making execution and financing costs important variables for the AI and high-performance computing transition.

MarketBeat reported a Moderate Buy consensus and a USD 23.88 average target on October 2, 2026. The same report said the quarter produced an adjusted loss of USD 0.89 per share against a USD 0.47 consensus loss, a USD 0.42 shortfall that contrasts with the optimistic long-term infrastructure thesis.

CLSK valuation remains volatile

Finance data showed CleanSpark last at USD 12.29 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, with a USD 8.00 to USD 23.61 52-week range and USD 3.2 billion market capitalization. The primary-exchange quote is separate from the euro reference used for German investors.

The prior close at Lang & Schwarz was EUR 10.94 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of CleanSpark stock.