CleanSpark Raises $1B To Boost AI Expansion & Share Buyback

Bitcoin miner CleanSpark will raise $1 billion through zero-coupon convertible notes due in 2032, with buyers allowed an extra $200 million in options.

The company plans to use $400 million for share buybacks and the rest for expansion — including new data centers, land purchases, and AI projects.

CleanSpark recently launched an AI division led by Jeffrey Thomas and purchased a 271-acre site in Texas for a 285-megawatt AI data center. The firm also mined a record 50 EH/s and holds 13,011 BTC.

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