CleanSpark(US:CLSK) Zhi Tong Cai Jing·2025-11-11 14:51Core Viewpoint - CleanSpark plans to raise $1 billion through the issuance of zero-coupon convertible bonds to support its ongoing business expansion, despite experiencing a significant stock price decline of over 36% from its October peak [1] Group 1: Company Actions - The company intends to issue zero-coupon convertible bonds maturing in 2032 [1] - Up to $400 million of the raised funds will be allocated for stock buybacks [1] - Remaining funds will be used for expanding its power and land asset portfolio, building data center infrastructure, and debt repayment [1] Group 2: Market Reaction - CleanSpark's stock opened down over 8%, currently trading at $13.84 [1] - The stock has seen a significant decline of more than 36% from its high point in October [1]