Company: CLSKW
Filing Date: 2025-10-29
Form Type: 8-K
Source: 0001193125-25-254934
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Company: CLEANSPARK, INC.
Filing Date: 2025-10-29
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

On October 29, 2025, CleanSpark, Inc. (the “ Company”) announced that it has acquired rights to approximately two hundred and seventy-one acres of land in Austin County, Texas and executed long-term power supply agreements totaling 285 megawatts to support the development of a next-generation data center campus (collectively, the “ Transactions”). The Transactions position the company to deliver scalable, resilient, and energy-efficient capacity to meet accelerating demand from AI, cloud, and enterprise workloads.

Under the terms of the purchase agreement, the Company paid a combination of cash consideration and shares of the Company’s common stock at closing, plus additional cash consideration payable upon the occurrence of post-closing events.

In connection with the Transactions, the Company is filing supplemental risk factors pertaining to the diversification of its business strategy to include data center development to update disclosures contained in the Company’s prior public filings, including those discussed under the heading “ Item 1A. Risk Factors” in (i) the Company’s Annual Report on Form 10-K for the year ended September 30, 2024, filed with the Commission on December 3, 2024 and (ii) the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the Commission on August 7, 2025. The supplemental risk factors are filed herewith as Exhibit 99.2 and are incorporated herein by reference.