CleanSpark Closes $2.28B Notes Offering, Mines 529 Bitcoin in September
CLSK sits 30% above its 52-week low of $8 on light trading volume (0.4× avg).
Summary
CleanSpark closed its $2.276 billion senior secured notes offering through subsidiary CSDC Finance I, finalizing the financing for its Sandersville data center build-out. The 7.875% notes due 2031 were priced at 98.5% of par, upsized from the originally proposed $2.2 billion. The company also reported September production of 529 bitcoin, with operational hashrate reaching 50 EH/s and 199,745 miners deployed. Bitcoin holdings declined to 13,530 from 13,703 in August, with 3,475 posted as collateral. CleanSpark will discontinue monthly operational updates in favor of standard quarterly reporting.
At the time of this announcement, CLSK was trading at $10.42 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $8.00 to $23.61. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: CryptoProwl.