Bitcoin mining company CleanSpark plans to issue $1 billion in convertible bonds.
Bitcoin mining and data center operator CleanSpark Inc. is planning to raise $1 billion through the issuance of convertible bonds to support the continued expansion of its business.
According to a statement released by the company on Monday, the Las Vegas-based company plans to issue zero-coupon convertible bonds due in 2032. CleanSpark will use up to $400 million of the funds raised for stock repurchases, with the remaining funds being used for expanding its power and land asset portfolio, constructing data center infrastructure, and repaying debt.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana News Update: DevvStream Invests in SOL Despite $11.8M Deficit, Shows Strong Confidence in Sustainable Blockchain Prospects
- DevvStream Corp. (DEVS) disclosed holding 12,185 SOL and 22.229 BTC, staking SOL for 6.29% annualized yield amid a $11.8M fiscal 2025 loss. - The company launched a digital asset treasury via BitGo/FRNT Financial, securing $10M liquidity from a $300M convertible note facility. - Plans include a 2026 tokenization platform for carbon credits and Solana staking, aligning with its de-SPAC/Nasdaq listing strategy. - Despite crypto market outflows, DevvStream's staked SOL attracted inflows, contrasting broader
ALGO Falls by 2.28% Over 24 Hours as Short- and Long-Term Performance Shows Mixed Results
- ALGO dropped 2.28% in 24 hours to $0.1844, contrasting with 17.29% weekly and 4% monthly gains but a 44.84% annual decline. - Traders monitor ALGO's resilience amid macroeconomic shifts, though long-term bearish trends highlight structural challenges. - Key support at $0.18 could trigger bullish momentum if held, while breakdown risks further declines toward $0.15. - A backtest analyzing 15% single-day spikes aims to assess ALGO's potential for sustained gains or pullbacks post-rallies.
BCH Gains 1.24% Following Banco de Chile’s Announcement of Bylaw Changes
- Banco de Chile (BCH) announced bylaw amendments on Nov 10, 2025, to strengthen corporate governance and align with regulatory standards. - The announcement coincided with a 10.81% 7-day stock surge, contrasting with a 2.07% monthly decline but supporting a 20.6% annual gain. - Investors viewed governance reforms positively, as such changes often signal improved transparency and accountability in regulated markets.
XRP News Today: Companies Accelerate XRP ETF Launches by Skipping SEC Hold-Ups
- Franklin Templeton, Bitwise, and Canary Capital are accelerating XRP ETF approvals by removing SEC "delaying amendments" from S-1 filings, enabling automatic effectiveness under Section 8(a). - This strategy follows Ripple's 2025 SEC legal resolution, boosting confidence in regulatory clarity and triggering $550M XRP accumulation and a 1.55% price surge to $2.53. - Over 150 crypto ETFs are pending with the SEC, while DTCC has pre-listed five XRP ETFs, signaling institutional adoption and projected $10B+

