CleanSpark Stock Drops 5% Following $1.15 Billion Convertible Note Offering for Bitcoin Mining Expansion

CleanSpark shares declined approximately 5% after the company announced it has upsized its convertible note offering to $1.15 billion. The additional capital will be used to accelerate the company's Bitcoin mining expansion plans and infrastructure development. This strategic move positions CleanSpark for significant growth in the competitive cryptocurrency mining sector while responding to current market opportunities.