CleanSpark announces the completion of a $1.15 billion zero-interest convertible bond issuance and the repurchase of over 30 million shares of stock

CleanSpark, Inc. (NASDAQ: CLSK) announced the completion of its expanded $1.15 billion convertible senior notes offering, which matures in 2032. The net proceeds from the offering are approximately $1.13 billion, and the company plans to use the funds, aside from those for share repurchases, to expand its power and land portfolio, build data center infrastructure, repay Bitcoin-backed credit lines, and for general corporate purposes. At the same time, the company repurchased approximately 30.6 million shares of common stock (about 10.9% of the outstanding shares) at a cost of approximately $460 million.