Bitcoin mining company CleanSpark plans to issue $1 billion in convertible bonds.
Bitcoin mining and data center operator CleanSpark Inc. is planning to raise $1 billion through the issuance of convertible bonds to support the continued expansion of its business.
According to a statement released by the company on Monday, the Las Vegas-based company plans to issue zero-coupon convertible bonds due in 2032. CleanSpark will use up to $400 million of the funds raised for stock repurchases, with the remaining funds being used for expanding its power and land asset portfolio, constructing data center infrastructure, and repaying debt.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Trump's Pause on China Tariffs Triggers Worker Protests Over Future of U.S. Shipyards
- Trump administration suspends China tariffs on shipbuilding imports, drawing labor union criticism over domestic industry risks and worker refunds. - 175 H-1B visa abuse investigations reveal $15M+ potential refunds, as unions warn of wage suppression and corporate favoritism in trade policies. - Square enables Bitcoin payments for 4M U.S. merchants, advancing crypto adoption while Trump dismisses inflation concerns and vows meatpacking crackdowns.
Bipartisan Legislation Assigns Crypto Regulation to CFTC to Clarify Oversight Uncertainty
- U.S. lawmakers propose shifting crypto regulation from SEC to CFTC via a bipartisan bill, reclassifying most digital assets as commodities. - The draft aims to resolve regulatory ambiguity stifling innovation, building on stalled House CLARITY Act efforts during the 38-day government shutdown. - Market optimism surged as shutdown relief pushed Bitcoin above $105k, with ETF outflows persisting amid anticipation of clearer CFTC-led oversight. - Critics warn of CFTC resource constraints, while proponents hi
Solana News Update: DevvStream Invests in SOL Despite $11.8M Deficit, Shows Strong Confidence in Sustainable Blockchain Prospects
- DevvStream Corp. (DEVS) disclosed holding 12,185 SOL and 22.229 BTC, staking SOL for 6.29% annualized yield amid a $11.8M fiscal 2025 loss. - The company launched a digital asset treasury via BitGo/FRNT Financial, securing $10M liquidity from a $300M convertible note facility. - Plans include a 2026 tokenization platform for carbon credits and Solana staking, aligning with its de-SPAC/Nasdaq listing strategy. - Despite crypto market outflows, DevvStream's staked SOL attracted inflows, contrasting broader
