CLEANSPARK, INC. (CLSK) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
CLSK currently has 268M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 32.75% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 11, 2026 |
10-Q filing | 267.8M shares outstanding |
270M | 0 |
| Nov 25, 2025 |
10-K filing | 255.6M shares outstanding |
260M | 0 |
| Nov 13, 2025 |
8-K filing: CleanSpark, Inc. completed a private offering of 0.00% Convertible Senior Notes due 2032 for an aggregate principal amount of $1,150,000,000 and used approximately $460.0 million to repurchase shares of its common stock. ($1150.0M proceeds) |
280M | 0 |
| Oct 29, 2025 |
8-K filing: CleanSpark, Inc. filed a prospectus supplement covering the resale of up to 1,788,834 shares of its common stock by a certain stockholder. |
280M | 0 |
| May 08, 2025 |
10-Q filing | 280.9M shares outstanding |
280M | 0 |
| Feb 06, 2025 |
10-Q filing | 284.5M shares outstanding |
280M | 0 |
| Dec 03, 2024 |
10-K filing | 292.6M shares outstanding |
290M | 0 |
| Aug 09, 2024 |
10-Q filing | 228.6M shares outstanding |
230M | 0 |
| May 09, 2024 |
10-Q filing | 212.1M shares outstanding |
210M | 0 |
| Feb 08, 2024 |
10-Q filing | 180.8M shares outstanding |
180M | 0 |
| Dec 01, 2023 |
10-K filing | 184.7M shares outstanding |
180M | 0 |
| Aug 09, 2023 |
10-Q filing | 152.6M shares outstanding |
150M | 0 |
| May 10, 2023 |
10-Q filing | 112.7M shares outstanding |
110M | 0 |
| Feb 09, 2023 |
10-Q filing | 78.0M shares outstanding |
78M | 0 |
| Dec 15, 2022 |
10-K filing | 71.7M shares outstanding |
72M | 0 |
| Dec 15, 2022 |
POS AM filing: CleanSpark, Inc. may offer and sell common stock, preferred stock, debt securities and subscription rights from time to time, with an aggregate offering price not to exceed $500,000,000. |
71M | 0 |
| Sep 09, 2022 |
8-K filing: CleanSpark, Inc. entered into a Purchase and Sale Agreement and an Equipment Purchase and Sale Agreement to purchase property and equipment from Mawson Infrastructure Group, Inc., including the issuance of 1,590,175 shares of CleanSpark common stock at closing and up to 1,100,890 additional shares as earn-out shares. ($11.0M proceeds) |
47M | 0 |
| Aug 10, 2022 |
10-Q filing | 47.1M shares outstanding |
47M | 0 |
| May 10, 2022 |
10-Q filing | 41.3M shares outstanding |
41M | 0 |
| Feb 09, 2022 |
10-Q filing | 40.5M shares outstanding |
40M | 0 |
| Dec 14, 2021 |
10-K filing | 41.4M shares outstanding |
41M | 0 |
| Aug 16, 2021 |
10-Q filing | 34.0M shares outstanding |
34M | 0 |
| May 06, 2021 |
10-Q filing | 32.7M shares outstanding |
33M | 0 |
| Apr 08, 2021 |
8-K filing: CleanSpark, Inc. entered into agreements with a cryptocurrency mining equipment supplier to purchase 700 mining servers for $7,160,000, with expected delivery in summer 2021 to expand its digital currency mining activities. ($7.16M proceeds) |
50M | 0 |
| Mar 18, 2021 |
8-K filing: CleanSpark, Inc. completed a public offering of 9,090,910 shares of its common stock at a price of $20.68 per share, resulting in net proceeds of approximately $187 million. ($187.0M proceeds) |
50M | 0 |
| Feb 24, 2021 |
8-K filing: CleanSpark, Inc. issued 477,703 shares of restricted common stock to the owners of Solar Watt Solutions, Inc. as part of a merger, valued at $15,640,000, along with up to $3,850,000 in cash. ($15.64M proceeds) |
22M | 0 |
| Feb 12, 2021 |
10-Q filing | 22.1M shares outstanding |
22M | 0 |
| Dec 17, 2020 |
10-K filing | 24.0M shares outstanding |
24M | 0 |
| Dec 10, 2020 |
8-K filing: CleanSpark, Inc. closed its merger with ATL Data Centers LLC on December 10, 2020, issuing 1,618,285 shares of common stock to the Sellers as part of the Merger Consideration. ($19.4M proceeds) |
17M | 0 |
| Oct 09, 2020 |
8-K filing: CleanSpark, Inc. completed a public offering of 4,444,445 shares of common stock at $9.00 per share, resulting in net proceeds of approximately $37.0 million. ($40.0M proceeds) |
17M | 0 |
| Sep 23, 2020 |
S-3 filing: The filing is an S-3 registration for the potential offering of up to $200,000,000 of common stock, preferred stock, debt securities, warrants, subscription rights and/or units. |
17M | 0 |
| Sep 01, 2020 |
8-K filing: CleanSpark, Inc. purchased all membership units of GridFabric from Dupont Hale Holdings, LLC for cash and stock, making GridFabric a wholly-owned subsidiary. ($0.25M proceeds) |
17M | 0 |
| Aug 04, 2020 |
10-Q filing | 17.4M shares outstanding |
17M | 0 |
| Jul 21, 2020 |
8-K filing: CleanSpark, Inc. entered into a Securities Purchase Agreement to issue and sell 1,230,770 shares of common stock at $3.25 per share in a registered direct offering, resulting in gross proceeds of approximately $4.0 million. ($4.0M proceeds) |
9.9M | 0 |
| May 11, 2020 |
10-Q filing | 9.9M shares outstanding |
9.9M | 0 |
| Feb 10, 2020 |
10-Q filing | 4.8M shares outstanding |
4.8M | 0 |
| Feb 06, 2020 |
8-K filing: CleanSpark, Inc. purchased all outstanding shares of p2klabs, Inc. for cash and stock. ($0.45M proceeds) |
N/A | 0 |