Bitcoin mining company CleanSpark plans to issue $1 billion in convertible bonds.
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.
According to a statement released by the company on Monday, the Las Vegas-based company plans to issue zero-coupon convertible bonds due in 2032. CleanSpark will use up to $400 million of the funds raised for stock repurchases, with the remaining funds being used for expanding its power and land asset portfolio, constructing data center infrastructure, and repaying debt.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin’s Abrupt Decline: Reasons Behind the Fall and What It Means for Cryptocurrency Investors
- Bitcoin's 2025 November drop below $104,000 revealed market fragility amid regulatory gaps, macroeconomic shifts, and institutional caution. - U.S. government shutdowns disrupted SEC/CFTC oversight, triggering $1.296B in liquidations and exposing crypto derivatives' liquidity risks. - Fed rate cuts initially boosted Bitcoin demand, but geopolitical tensions and $1.22B ETF outflows signaled institutional risk aversion. - Corporate Bitcoin purchases like Strategy Inc.'s $49.9M investment highlighted strate
Bitcoin’s Abrupt Price Swings and Broader Economic Catalysts: Managing Systemic Threats as Fed Messaging Changes and the Dollar Gains Momentum
- Fed's 2025 policy shift to liquidity injections and rate cuts (3.75-4.00%) drove Bitcoin to $105,000 amid falling borrowing costs. - Institutional adoption ($134.6B in Bitcoin ETFs) and Harvard's $116M allocation offset dollar strength's crypto headwinds. - 1,001x leverage on platforms like Hyperliquid triggered $19B in 24-hour liquidations, exposing crypto markets to systemic collapse risks. - Deepening correlations with traditional markets (e.g., Trump tariffs dragging down crypto) erode Bitcoin's uniq
ALGO Falls 5.03% Over 24 Hours Despite Mixed Medium-Term Performance and Ongoing Yearly Downtrend
- ALGO dropped 5.03% in 24 hours to $0.1792 on Nov 11, contrasting with 14.05% weekly gains and a 46.37% annual decline. - Technical analysis highlights short-term volatility vs. long-term bearish trends, with critical support near $0.17 and resistance at $0.20–$0.22. - A 5% price drop would reduce a $10,000 investment to $9,500, with annualized losses and tax implications amplifying negative impacts. - Backtesting suggests modest portfolio damage from 5% declines, though diversified holdings and market co
Bitcoin Cash rises 9.16% over the past week as upward momentum builds
- Bitcoin Cash (BCH) fell 0.27% in 24 hours but rose 9.16% over seven days amid mixed short-term and long-term trends. - Price remains above 200-period EMA with rising Open Interest in futures, signaling growing bullish positioning among traders. - Key support at $500 and resistance at $527-$557 identified, with potential targets at $580 and $613 if breakout confirms. - MACD and RSI indicators show upward momentum, with RSI at 63 reflecting sustained buying pressure above critical support levels.
Trending news
MoreCrypto prices
More
