CleanSpark plans $1.15B raise to expand Bitcoin mining, AI infrastructure
CleanSpark is among the leading Bitcoin mining companies expanding into AI data center infrastructure, seeking diversified sources of revenue amid post-Bitcoin-halving pressure.
Nasdaq-listed Bitcoin mining company CleanSpark is raising capital to expand its mining and data center operations, as major miners pivot toward artificial intelligence (AI) infrastructure.
CleanSpark announced a $1.15 billion senior convertible note offering on Tuesday, aiming to raise more capital to expand its Bitcoin (BTC) mining operations.
The miner estimates it will raise about $1.13 billion in net proceeds, or $1.28 billion if the initial purchasers exercise their full options to purchase additional convertible notes. The offering is expected to close on Nov. 13, subject to satisfactory closing conditions.
