Bitcoin mining company CleanSpark plans to issue $1 billion in convertible bonds

Jinse Finance reported that 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 scale. According to a statement released by the company on Monday, the Las Vegas-based enterprise intends to issue zero-coupon convertible bonds maturing in 2032. CleanSpark will use up to $400 million of the funds raised for stock buybacks, while the remaining funds will be invested in expanding its portfolio of power and land assets, building data center infrastructure, and repaying debt.