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Bitcoin mining company CleanSpark plans to issue $1 billion Convertible Bond.
[Bitcoin mining company CleanSpark plans to issue $1 billion Convertible Bond] Bitcoin mining and data center operator CleanSpark Inc. is planning to raise $1 billion in funding through the issuance of Convertible Bonds to support the ongoing expansion of its business scale. According to a statement released by the company on Monday, this Las Vegas-based enterprise plans to issue zero-coupon convertible bonds maturing in 2032. CleanSpark will use up to $400 million of the funds raised for stock buybacks, while the remaining funds will be invested in the expansion of its power and land asset portfolio, the construction of data center infrastructure, and debt repayment.