CleanSpark Secures $1.15 Billion Convertible Notes for Expansion, Repurchases Shares
CleanSpark Secures $1.15 Billion Convertible Notes for Expansion, Repurchases Shares
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CleanSpark, a prominent Bitcoin mining company, successfully completed an upsized $1.15 billion convertible notes offering designed to support its ongoing expansion initiatives. Alongside this financing, the company executed a significant share repurchase, buying back 30.6 million shares, approximately 10.9% of its outstanding common stock, for an estimated $460 million.
CleanSpark completes upsized $1.15 billion convertible notes offering to support expansion
As part of the offering, CleanSpark repurchased 30.6 million shares, about 10.9% of its outstanding common stock, for roughly $460 million.