[CleanSpark Plans to Issue $1 Billion Zero-Coupon Convertible Bonds]
Bitcoin mining and data center operator CleanSpark Inc. plans to issue zero-coupon convertible bonds maturing in 2032, aiming to raise $1 billion. According to the company's statement, up to $400 million of the funds raised will be used for stock buybacks, while the remaining funds will be allocated to expanding power and land asset portfolios, building data center infrastructure, and repaying debt. CleanSpark is headquartered in Las Vegas.