CleanSpark to Issue $1 Billion Zero-Coupon Convertible Bonds for Expansion

2025-11-11 08:59

Bitcoin mining company CleanSpark has announced the issuance of $1 billion in zero-coupon convertible bonds, maturing in 2032, to fund its data center expansion and power asset development. The company plans to allocate $400 million for stock buybacks, while the remaining funds will be directed towards developing data centers in Texas, expanding land and power reserves, and debt repayment. The bond pricing is set to be completed before the U.S. stock market opens on Tuesday, with Cantor Fitzgerald and BTIG acting as underwriters.

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