CleanSpark sold $1.15 billion of zero-coupon convertible notes in a 144A private placement due 2032 to fund power and mining equipment purchases. The notes carry an initial conversion price near $19.16, about a 27.5% premium to the $15.03 stock price at announcement.
CleanSpark announced a $1.15 billion convertible notes offering to accelerate its Bitcoin mining and data-center growth while funding share buybacks. The move gives the miner fresh capital but introduces potential dilution if notes convert.