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CleanSpark raises 650 million USD to enhance its Bitcoin holdings

Successful fundraising and share buyback: CleanSpark has completed a 650 million USD convertible note offering, using part of the proceeds to repurchase 11.76 million shares for approximately 145 million USD, effectively optimizing its capital structure.

Focus on Bitcoin acquisition and growth: The raised funds will allow CleanSpark to acquire additional mined Bitcoin, a strategic move highlighted by CEO Zach Bradford to strengthen the company’s asset portfolio and reinforce its position in the competitive Bitcoin mining industry.

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