Deep Tide TechFlow News, on December 18, Bitcoin mining company CleanSpark announced that it has completed a convertible preferred note issuance totaling $650 million. Additionally, the company repurchased 11.76 million shares of common stock, with a repurchase amount of approximately $145 million, and these shares will be removed from the company's total outstanding shares.

According to CleanSpark's CEO and President Zach Bradford, part of the funds is intended to support adding the mined Bitcoin to the balance sheet.