The mining company CleanSpark has completed the issuance of $650 million in convertible preferred notes

ChainCatcher news, Bitcoin mining company CleanSpark announced the completion of a $650 million convertible preferred note issuance. Additionally, the company repurchased 11.76 million shares of common stock, with a repurchase amount of approximately $145 million. These shares will be removed from the company's total outstanding shares.

According to CleanSpark's CEO and President Zach Bradford, part of the funds is intended to support adding the mined Bitcoin to the balance sheet.