coindesk
CleanSpark Shares Drop 5% After Upsizing $1.15B Convertible Note For Expansion
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Bitcoin
$103,524
-1.29%
TL;DR
CleanSpark's shares dropped 5% after announcing an upsized $1.15 billion convertible note to fund expansion plans, including accelerating growth in power and data centers. This move aligns with a trend of increased convertible debt issuance among bitcoin and AI companies.
Summary
CleanSpark's shares dropped 5% after announcing an upsized $1.15 billion convertible note to fund expansion plans, including accelerating growth in power and data centers. This move aligns with a trend of increased convertible debt issuance among bitcoin and AI companies.
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