CleanSpark Launches $1.15 Billion Convertible Note Offering to Fund Mining Expansion and AI Infrastructure
Nasdaq-listed Bitcoin miner CleanSpark has announced a $1.15 billion senior convertible note offering. The company will allocate $460 million for stock repurchases at $15.03 per share. Remaining proceeds will fund expansion of mining capacity, data center infrastructure, and repayment of Bitcoin-backed loans, according to CleanSpark.