CleanSpark stock falls 1.38 percent as USD 2.276 billion notes advance
Published on 09/25/2026 at 08:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
CleanSpark stock fell 1.38 percent to USD 14.26 on Nasdaq on September 24, 2026, leaving the shares 39.6 percent below their 52-week high of USD 23.61. The immediate corporate catalyst is a USD 2.276 billion debt package for the company’s Sandersville data center project.
Debt package reaches USD 2.276 billion
According to CleanSpark, its subsidiary priced USD 2.276 billion of 7.875 percent senior secured notes due in 2031 on September 18, 2026. The notes were priced at 98.500 percent of principal, and the offering is expected to close on September 25, 2026, subject to customary conditions.
The proceeds are intended to fund the remaining Sandersville data center buildout, reimburse prior equity contributions and provide debt service reserves. That structure gives CleanSpark a defined funding source for its data center strategy, while the 7.875 percent coupon makes financing costs a central operating consideration.
Quarterly revenue fell 30.5 percent
The financing arrives against a weaker latest operating quarter. Stock Titan reported that fiscal Q3 2026 bitcoin mining revenue was USD 138.0 million, down 30.5 percent from USD 198.6 million in the prior-year quarter. CleanSpark also posted a net loss of USD 239.8 million, compared with net income of USD 257.4 million a year earlier.
Consensus pressure was visible in per-share results as well. CleanSpark reported a loss of USD 0.89 per share for fiscal Q3 2026, versus consensus for a loss of USD 0.47, a shortfall of USD 0.42 per share.
Stock remains below yearly high
CLSK stood at USD 14.26 on Nasdaq on September 24, 2026, compared with a prior close of USD 14.46. Its market capitalization was USD 3,659,238,722, while the 52-week range was USD 8.00 to USD 23.61.
The market is therefore weighing two opposing figures: USD 2.276 billion of new project financing against a 30.5 percent year-over-year revenue decline. CleanSpark’s data center expansion has a visible funding plan, but the latest quarter places greater importance on execution and cash generation.
CleanSpark at a glance
- Company: CleanSpark, Inc.
- Ticker: CLSK
- Trading venue: Nasdaq
- Price as of September 24, 2026: USD 14.26
- Market capitalization: USD 3,659,238,722 as of September 24, 2026
- 52-week range: USD 8.00-23.61
- Sector / Industry: Financial Services / Financial - Capital Markets
