Company: CLSKW
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015470
Chunk: 100

Company: CLEANSPARK, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 4
Chunk 100
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 technical aspects of the network in ways that could adversely impact our operations. These changes could affect market sentiment and institutional adoption of bitcoin in unpredictable ways that could impact bitcoin’s value.

Our ability to conduct business can also be significantly impacted by changes in tariffs, customs policies, changes in or repeals of trade agreements and the imposition of other trade restrictions or retaliatory actions imposed by various governments. For example, the new U.S. presidential administration has imposed and has threatened to impose tariffs on foreign imports into the United States from certain jurisdictions, including jurisdictions from which we import mining equipment, or from which components of our mining equipment are manufactured.

The timeline, structure, and scope of any potential regulatory policies are uncertain, making it difficult for us to plan for or mitigate these risks effectively. In addition, we cannot predict what further action may be taken with respect to tariffs or trade relations between the U.S. and other governments. Any such changes could fundamentally alter the competitive and regulatory landscape in which we operate, potentially having a material adverse effect on our business, financial condition, and results of operation. 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Offering of Convertible Senior Notes

On December 17, 2024, we completed the offering of the 2030 Notes. Additional information relating to the issuance of the 2030 Notes can be found in Note 10—Loans—2030 Convertible Note to our condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q, as well as in our Current Report on Form 8-K filed with the SEC on December 17, 2024.

Issuer Purchases of Equity Securities The follow table provides information on our share repurchases during the three months ended December 31, 2024:

    Total Number of Shares Purchased
     
    Average Price Paid Per Share(1)
     
    Total Number of Shares Purchased as Part of Publicly Announced Program(2)
     
    Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program(2)

    October 1, 2024 to October 31, 2024
    —
     
    $
    — 
     
    — 
     
    $
    — 

    November 1, 2024 to November 30, 2024
    —
     
    $
    — 
     
    — 
     
    $
    — 

    December 1, 2024 to December 31