Bitcoin mining and data center operator CleanSpark Inc. is planning to raise $1 billion by issuing convertible bonds to support the continued expansion of its business.
The Las Vegas-based company plans to issue zero-coupon convertible bonds maturing in 2032, according to the company's statement on Monday. CleanSpark will use up to $400 million of the proceeds raised for share buybacks, with the remainder going toward expanding its power and land portfolio, building data center infrastructure, and paying down debt.
Bitcoin miner CleanSpark to issue $1 billion convertible bond
2025-11-11 01:31:31
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