Shares of bitcoin miner and data-centre operator CleanSpark (CLSK) fell 5% after the company announced an upsized convertible bond offering of $1.15 billion.
The move is part of a broader trend among bitcoin miners and AI-focused data infrastructure firms tapping the debt markets for fresh capital amid rapid sector growth.
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CoinDesk Research reveals that AI-aligned bitcoin miners are witnessing a record issuance of convertible debt, indicating investor demand for hybrid exposure to both bitcoin and computing infrastructure.
The Las Vegas-based CleanSpark
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