Bitcoin mining company CleanSpark has announced the completion of a $1.15 billion zero-coupon convertible senior note issuance, set to mature in 2032. Concurrently, the company has repurchased 30.6 million shares of common stock for approximately $460 million, representing about 10.9% of its outstanding shares. CleanSpark plans to use the proceeds to expand its power and land asset portfolio, build data center infrastructure, repay Bitcoin-backed credit lines, and for general corporate purposes.
CleanSpark Completes $1.15 Billion Convertible Bond Issuance
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