CleanSpark, Inc. (CLSK), a bitcoin miner, on Friday announced $550 million Convertible Senior Notes, due 2030 to the initial purchasers for resale in a private offering.
The company intends to use the net proceeds from the offering to pay the cost of the capped call transactions, to use up to $125 million to repurchase shares from investors in the convertible notes, for the repayment debt, general corporate purposes, and others.
CleanSpark also expects to grant the initial purchasers of the notes an option to purchase up to an additional $100 million aggregate principal amount of the convertible notes.
CLSK was down by 3 percent at $11.96 in the pre-market trade on the Nasdaq.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.