CLEANSPARK, INC. (CLSK) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 11, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 32.75% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
270M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

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

Outstanding Shares
Total Supply

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
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