CleanSpark Raises $1.15B, Buys Back Stock

episode

Business News Today | 2 Min News | The Daily News Now! not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Business News Today | 2 Min News | The Daily News Now!

Japanese Capsule Hotels: Budget Solution for London Hybrid Workers 1 min · 20 Dec 2025

Russia's War Economy: Sustainable or Unsustainable? 2 min · 20 Dec 2025

All episodes from Business News Today | 2 Min News | The Daily News Now! →

Report any issue

Source

Recorded11 Nov 2025

Publisherfeeds.acast.com ↗

Handlerec:2197327

Show notes

CleanSpark, a Bitcoin mining company, announces a significant financial move: offering $1.15 billion in convertible senior notes, with an additional $150 million in shares potentially available. The company plans to use $460 million for buying back its own stock, $300 million for expanding power and land holdings, developing data centers, and paying off debt. The remaining funds will cover general corporate purposes. The notes, set to mature in 2032, can be converted into cash, stock, or a combination, with a 27.5% premium over Mondays closing price.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.