BUZZ-Bitcoin miner CleanSpark slips after $550 mln convertible deal announced
Reuters12-13
** Shares of CleanSpark down 3.4% to $11.91 in extended trading as bitcoin miner looks to raise capital ** Las Vegas-based firm offering privately $550 mln convertible bonds due Jun 2030
** Co plans to use net proceeds to pay for capped calls, use up to $125 mln to repurchase its common stock, remainder to fully repay line of credit with cryptocurrency exchange Coinbase
** CLSK shares on Thurs closed down 3.9% at $12.33, giving co about $3.6 bln market cap, per LSEG data ** Shares have gained 17% since the Nov 5 election, as
(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
