CleanSpark raises $550 million via private placement of convertible notes due 2030. This is a familiar strategy for miners, following the example of competitors. 🤑
- The deal is expected to close on December 17.
- Part of the funds will go to repay the debt to Coinbase.
- CleanSpark holds 9,297 BTC, but does not plan to increase the reserves, unlike MARA and Riot.
The trend continues, but what does this mean for the market?
