PANews reported on November 11th, citing Cointelegraph, that Nasdaq-listed Bitcoin mining company CleanSpark announced it will raise $1.15 billion through a senior convertible bond offering to expand its Bitcoin mining and data center operations. Net proceeds are expected to be $1.13 billion, potentially reaching $1.28 billion if initial purchasers exercise all their additional purchase options. The offering is expected to close on November 13th. CleanSpark plans to use $460 million to repurchase common stock, with the remainder used to expand its power and land asset portfolio, develop data center infrastructure, repay outstanding Bitcoin mortgage loans, and cover operating expenses. The company previously raised a similar $550 million in December 2024. CleanSpark is the world's second-largest Bitcoin mining company, operating at a hashrate of 46.6 EH/s, second only to Marathon Holdings. Furthermore, CleanSpark and other major mining companies are gradually expanding into AI data center infrastructure to address revenue pressures following the Bitcoin halving and diversify their revenue streams.PANews reported on November 11th, citing Cointelegraph, that Nasdaq-listed Bitcoin mining company CleanSpark announced it will raise $1.15 billion through a senior convertible bond offering to expand its Bitcoin mining and data center operations. Net proceeds are expected to be $1.13 billion, potentially reaching $1.28 billion if initial purchasers exercise all their additional purchase options. The offering is expected to close on November 13th. CleanSpark plans to use $460 million to repurchase common stock, with the remainder used to expand its power and land asset portfolio, develop data center infrastructure, repay outstanding Bitcoin mortgage loans, and cover operating expenses. The company previously raised a similar $550 million in December 2024. CleanSpark is the world's second-largest Bitcoin mining company, operating at a hashrate of 46.6 EH/s, second only to Marathon Holdings. Furthermore, CleanSpark and other major mining companies are gradually expanding into AI data center infrastructure to address revenue pressures following the Bitcoin halving and diversify their revenue streams.
CleanSpark plans to raise $1.15 billion to expand its Bitcoin mining and AI infrastructure.
PANews reported on November 11th, citing Cointelegraph, that Nasdaq-listed Bitcoin mining company CleanSpark announced it will raise $1.15 billion through a senior convertible bond offering to expand its Bitcoin mining and data center operations. Net proceeds are expected to be $1.13 billion, potentially reaching $1.28 billion if initial purchasers exercise all their additional purchase options. The offering is expected to close on November 13th.
CleanSpark plans to use $460 million to repurchase common stock, with the remainder used to expand its power and land asset portfolio, develop data center infrastructure, repay outstanding Bitcoin mortgage loans, and cover operating expenses. The company previously raised a similar $550 million in December 2024.
CleanSpark is the world's second-largest Bitcoin mining company, operating at a hashrate of 46.6 EH/s, second only to Marathon Holdings. Furthermore, CleanSpark and other major mining companies are gradually expanding into AI data center infrastructure to address revenue pressures following the Bitcoin halving and diversify their revenue streams.
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