š CleanSpark is mining for goldāwell, digital gold! The crypto miner plans to raise a whopping $550 million through a convertible note offering, maturing in 2030. This move is as trendy as a cat meme, with competitors like MARA and Riot Platforms doing the same.
- No interest on these notes, but they can convert to cash or stock.
- CleanSpark's conversion rate is $14.80 per share, a 20% premium!
- Funds will repay debts and fuel expansion.
With 9,297 BTC in their vault, CleanSpark's strategy is as sharp as a blockchain fork. š°
What do you think of this trend? Drop your thoughts below!