CleanSpark to raise $1 billion in convertible note offering to expand operations

CleanSpark to raise $1 billion in convertible note offering to expand operations

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CleanSpark, a prominent Bitcoin mining company, is set to raise $1 billion through a convertible note offering. The proceeds from this strategic financial move are earmarked for several corporate purposes, including share buybacks, expansion of its data center infrastructure, repayment of existing debt, and other general corporate initiatives to support its growth.

It intends to use the proceeds for share buybacks, data center expansion, debt repayment, and other corporate purposes.