CleanSpark to issue $2.23 billion in bonds through subsidiary
- —CSDC Finance I will place $2.227 billion in senior secured notes
- —The notes mature in 2031 and the placement is private
- —Proceeds will be used for financing, with details undisclosed
Why it matters: The miner's large debt raise shows how public companies in the sector are funding growth amid pressure on revenue.
Source: Seeking Alpha Crypto