CLSK, US18452B2097

CleanSpark closes USD 2.276 billion notes: CleanSpark stock loses 1.12 percent

Published on 10/05/2026 at 12:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CleanSpark lost USD 239.8 million in the third quarter of 2026. CleanSpark stock costs EUR 11.47 on October 5, 2026 after EUR 11.60.

CLSK, US18452B2097, Illustration mit AI erstellt.

CleanSpark (ISIN US18452B2097) was trading at EUR 11.47 at Lang & Schwarz on October 5, 2026 at 12:40 p.m. CEST, down 1.12 percent versus the prior close of EUR 11.60. According to Trivano on September 25, 2026, a CleanSpark subsidiary closed USD 2.276 billion of 7.875 percent senior secured notes due 2031. The financing ties the company more closely to its Sandersville data center buildout while adding a substantial fixed-interest obligation.

Debt funds Sandersville expansion

The notes were issued by CSDC Finance I, a wholly owned indirect subsidiary, and the proceeds are intended to finance remaining Sandersville construction costs, reimburse prior equity contributions and fund debt service reserves. The structure includes guarantees and security over key assets, according to StockTitan in its September 25, 2026 filing summary.

The strategic shift is visible in CleanSpark's infrastructure profile. The company describes itself as a data center developer, while its operating base remains tied to Bitcoin mining and energy management. That combination gives the financing a dual role: it supports physical expansion and increases the balance sheet exposure attached to the project.

Revenue falls as losses widen

CleanSpark reported USD 138.0 million of Bitcoin mining revenue in the third quarter of fiscal 2026, down 30.5 percent from USD 198.6 million in the prior-year quarter. Net loss reached USD 239.8 million, compared with net income of USD 257.4 million in the year-earlier period, according to StockTitan.

The contrast between the operating revenue decline and the financing push is central for investors. The company held USD 202.6 million in cash as of June 30, 2026, while long-term debt stood at USD 1.8 billion, making project execution and capital discipline important counterweights to the data center opportunity.

Stock trades below analyst target

MarketBeat reported on October 1, 2026 that analysts had a consensus Moderate Buy rating and an average target of USD 23.88. Against the Nasdaq last price of USD 12.74 on October 2, 2026 at 4:00 p.m. ET, that target lies 87.44 percent above the price.

CLSK price and market value

CLSK was trading at EUR 11.47 at Lang & Schwarz on October 5, 2026 at 12:40 p.m. CEST, down 1.12 percent versus the Lang & Schwarz prior close of EUR 11.60 on October 2, 2026. The stock's market capitalization was USD 3.3 billion as of October 2, 2026.