CleanSpark Launches $1 Billion Convertible Senior Notes Offering Due 2032

Bitcoin mining firm CleanSpark announced a private offering of $1 billion in zero-coupon convertible senior notes maturing in 2032, with initial purchasers holding an option for an additional $200 million. The Nasdaq-listed company plans to allocate approximately $400 million toward share repurchases. Remaining proceeds will support expansion of power and land assets, data center infrastructure development, and repayment of bitcoin-backed credit facilities.