CleanSpark unveils the completion of a $650M offering of zero-coupon Convertible Notes

#CleanSpark announces the completion of its $650M private offering of 0.00% Convertible Senior Notes. The notes are sold to qualified institutional buyers under Rule 144A of the Securities Act. The offering includes $100M in additional notes purchased by the initial buyers through the full exercise of their option.

The company executes capped call transactions to reduce potential share dilution and repurchases 11.76M shares for approximately $145M. The net proceeds of $633.6M fund growth to 50 EH/s, repayment of credit lines, strategic acquisitions, and other corporate purposes.

CleanSpark is a market-leading, sustainable #Bitcoin miner that owns and operates data centers that primarily run on low-carbon power.

👉 x.com/CleanSpark_Inc/status/1869127262232355187