CleanSpark issues a $1.15B convertible note to expand its BTC mining operations

Core Insights - CleanSpark, a Nasdaq-listed Bitcoin mining company, has announced a $1.15 billion convertible note offering aimed at accelerating its growth in Bitcoin mining and artificial intelligence (AI) infrastructure [1] Company Summary - The company is focusing on expanding its operations in both Bitcoin mining and AI, indicating a strategic diversification of its business model [1] Financial Overview - The convertible note offering is valued at $1.15 billion, which represents a significant capital raise for the company to fund its growth initiatives [1]