CleanSpark Declares $17.14 Special Final Dividend for Preferred Shareholders
CleanSark, Inc. (NASDAQ: CLSK), a bitcoin mining company, announced a one-time special dividend of $17.14 per share for Series A Preferred Stock holders, effective March 20, 2026. The company simultaneously eliminated its quarterly preferred dividend tied to earnings.
CleanSpark, Inc. (NASDAQ: CLSK), a bitcoin mining company, declared a one-time special final dividend of $17.14 per share for holders of its Series A Preferred Stock. The announcement came as the company filed an amended certificate of designation with Nevada state authorities on March 20, 2026. Read more dividend announcements.
The special dividend replaces a quarterly dividend that had been calculated as 2% of the company's earnings before interest, taxes, and amortization. That recurring dividend has been eliminated entirely. Preferred shareholders will receive no further dividends after this final payment.
The Series A Preferred Stock holders affected by the dividend include Chairman and CEO S. Matthew Schultz, board member Larry McNeill, and Celtic, LLC, an entity controlled by both executives.
| Dividend Details | Information |
|---|---|
| Amount Per Share | $17.14 |
| Security Type | Series A Preferred Stock |
| Dividend Type | Special Final Dividend |
| Effective Date | March 20, 2026 |
| Record Date | Not specified |
| Payment Date | Not specified |
Changes to Preferred Stock Terms
Alongside the dividend announcement, CleanSpark modified the voting structure of its Series A Preferred Stock. Each preferred share carries 45 votes. Under the new terms, if directors or officers control a majority of the preferred shares, all Series A shares will vote according to the majority holder's decision.
If insiders no longer hold a majority, the preferred shares will vote according to the board's recommendation. Without a board recommendation, the preferred shares will vote proportionally with the company's common stock.
The amended terms also specify that each Series A Preferred share will automatically convert into three shares of common stock in the event of a change of control.