Cleanspark, inc. announces proposed private offering of $550 million of convertible notes

Las vegas , dec. 12, 2024 /prnewswire/ -- cleanspark, inc. (nasdaq: clsk), america's bitcoin miner® ("cleanspark" or the "company"), today announced that it intends to offer, subject to market conditions and other factors, $550 million aggregate principal amount of convertible senior notes due 2030 (the "convertible notes") to the initial purchasers for resale in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on rule 144a under the securities act of 1933, as amended (the "securities act"). cleanspark also expects to grant the initial purchasers of the convertible notes an option to purchase, within a 13-day period beginning on, and including the date on which the convertible notes are first issued, up to an additional $100 million aggregate principal amount of the convertible notes.
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