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Bitcoin mining company CleanSpark has increased its fundraising target for convertible bond issuance to $1.15 billion.
ChainCatcher news, Nasdaq-listed Bitcoin mining company CleanSpark announced that the fundraising amount for its convertible bonds has been increased from previously 1 billion USD to 1.15 billion USD. In addition, the company also announced it will repurchase approximately 460 million USD of common stock from convertible bond investors. It is reported that this issuance is expected to be completed by November 13, 2025, but it is subject to customary closing conditions.