According to Foresight News, Nasdaq-listed Bitcoin mining company CleanSpark announced that it has completed the issuance of convertible senior notes totaling US$650 million.
Additionally, the company repurchased 11.76 million shares of common stock for approximately $145 million, which will be removed from the total number of shares outstanding.
CleanSpark CEO and President Zach Bradford said some of the funds will be used to support the addition of mined bitcoin to the balance sheet.