CleanSpark, a Nasdaq-listed Bitcoin mining company, announced plans to raise $1.15 billion through a senior convertible bond offering. The funds will be used to expand its Bitcoin mining and data center operations. The offering is expected to close on November 13th, with net proceeds anticipated to be $1.13 billion, potentially increasing to $1.28 billion if additional purchase options are exercised. The company intends to allocate $460 million to repurchase common stock, while the remaining funds will enhance its power and land asset portfolio, develop data center infrastructure, repay Bitcoin mortgage loans, and cover operating expenses. CleanSpark, the world's second-largest Bitcoin miner with a hashrate of 46.6 EH/s, is also expanding into AI data center infrastructure to diversify revenue streams amid post-halving revenue pressures.