CleanSpark Borrows $1.15B at 0% to Survive the Brutal Bitcoin Mining Shakeout

CleanSpark just sold $1.15 billion of zero-coupon convertible notes to buy more power and machines in the most brutal mining environment yet. The deal is a 144A private placement due in 2032, with an initial conversion price of around $19.16, roughly a 27.5% premium to the $15.03 stock price at the time of announcement. Approximately The post CleanSpark Borrows $1.15B at 0% to Survive the Brutal Bitcoin Mining Shakeout appeared first on CryptoSlate.