TechFlow news, November 15 — According to PRNewswire, CleanSpark, Inc. (Nasdaq: CLSK) announced the completion of its upsized $1.15 billion offering of 0.00% senior convertible notes due 2032.
The net proceeds from the offering were approximately $1.13 billion. The company intends to use funds remaining after share repurchases to expand its power and land portfolio, build data center infrastructure, repay its Bitcoin-secured credit facility, and for general corporate purposes.
Concurrently, the company repurchased approximately 30.6 million shares of common stock (about 10.9% of outstanding shares) for approximately $460 million.
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