ChainCatcher reports that CleanSpark, Inc. (NASDAQ: CLSK) has announced the completion of its enlarged $1.15 billion convertible senior note offering, maturing in 2032. Net proceeds from the offering are approximately $1.13 billion. The company plans to use the proceeds, in addition to those from the share buyback, to expand its power and land portfolio, construct data center infrastructure, repay Bitcoin-backed credit facilities, and for general corporate purposes. Simultaneously, the company repurchased approximately 30.6 million ordinary shares (approximately 10.9% of outstanding shares) at a cost of approximately $460 million.
CleanSpark announced the completion of a $1.15 billion zero-coupon convertible bond issuance and the repurchase of over 30 million shares.
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