CleanSpark’s $650 Million Convert!



Convertible notes are all the rage in Bitcoin mining today. How did CleanSpark structure its note? We dig in! Welcome back to The …

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33 thoughts on “CleanSpark’s $650 Million Convert!”

  1. I believe there's positive change on the horizon for CleanSpark. While it might not be evident until the next earnings report, I'm optimistic that 2025 will be a promising year for the company

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  2. Q: why NOT talk about share price?? For a full year, I've held lots of CLSK and have not made ANY money on it so far, even though BTC has more than doubled!! Is it likely that we are going to at least 4x or 5x in 2025 at hit $60 a share? Please answer

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  3. Q. Why would just not buy BTC like everyone else has done with the convertible bonds. It’s simply the need to add as much BTC in the short term while BTC is in the parabolic faze.

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  4. These people say they wanna benefit shareholders in the long term and claim they understand the CYCLE. Their actions don't reflect the cycle. The stock will not magically go up when it diverges from the CYCLE even if they report amazing earnings. These guys don't understand macro. These guys think that earnings will be appreciated by the markets even if the CYCLE is in a downturn. OR they think that this cycle is a protracted one, which I would say is an ideological view.

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  5. And then they are saying, if someone pumps the stock above a high enough price, the company will buy back its shares. These people are artificially creating momentum in the stock by incentivizing shareholders to reach high prices. True robbers of the last man standings. You should be ashamed of yourselves.

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  6. Nice to hear the discussion around CLSK working re focus on capital growth with a sweet shareholder too profit risk mgt focus. Y'all smart peeps and allow me as a non fin worker to understand. Thanks

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  7. Some small caps and rising, MAG7 is rising, Software is rising, BTC and ETH are rising. Even some other miners are rising in stock value. CLSK is falling. Relative Strength tells you everything about the stock.

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  8. Fundamentals don't mean anything if there is no multiple expansion. Don't you know that there are more deep value stocks? So many alternatives. Don't ever try to be a value stock in the mining industry. You need think bigger than that.

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  9. If you want your stock price to grow. you need to leverage up and grow your HODL faster than MARA. if you don't do that you will lose. That is because the bond market is crashing. They want to enter the BTC market through the miners. So what are you doing? Be the medium or you will lose. Don't you know how big the bond market is?

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  10. Whats gonna happen when there is more demand for BTC from the bond holders through MARA. You will surely lose. As your CEO posted. BTC treasuries website shows it all. Hut 8, Mara, Riot is gonna escape velocity. And you will not catch them. You novice miner. Broaden your scope.

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  11. For me what is clear is that the degree of optionality that this strategy buys them is considerable. Dialling out all the shrill shrieking about short term expectation from people who expected to get in and out of the stock no matter what, I am feeling really good about Cleanspark's future. Big respect to an exec team that stays true to what they think is right for the company and shareholders rather than bending to what is fashionable.

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