ChainCatcher news, Bitcoin mining company CleanSpark announced the completion of a $650 million convertible preferred note issuance. Additionally, the company repurchased 11.76 million shares of common stock, with a repurchase amount of approximately $145 million. These shares will be removed from the company's total outstanding shares.According to CleanSpark's CEO and President Zach Bradford, part of the funds is intended to support adding the mined Bitcoin to the balance sheet.

ChainCatcher news, according to a press release, Nasdaq-listed Bitcoin mining company CleanSpark, Inc. announced its plan to offer a total of $550 million in convertible preferred notes maturing in 2030 to initial subscribers based on market conditions and other factors.CleanSpark also expects to grant initial purchasers of the convertible notes the option to purchase up to $100 million in additional convertible notes within 13 days from the date of the initial issuance of the convertible notes.The company plans to use the net proceeds from the offering to pay for the costs of capped call option transactions, to repurchase up to $125 million of its common stock from convertible bond investors, and the remaining net proceeds will be used to fully repay the outstanding amount under the company's credit facility with Coinbase, capital expenditures, acquisitions, and general corporate purposes.

ChainCatcher news, JPMorgan upgrades the ratings of Bitcoin mining companies Cipher, CleanSpark, and MARA. JPMorgan raised the rating of Cipher Mining and CleanSpark from neutral to overweight, and upgraded MARA's rating from underweight to neutral. JPMorgan downgraded IREN's rating from overweight to neutral.JPMorgan also set a new target price of $8 for Cipher and raised its target price for CleanSpark from $10.50 to $17.JPMorgan stated that it is introducing a new sum-of-the-parts (SOTP) valuation framework for mining companies, which takes into account the company's mining operations, respective land and power portfolios, and their holding balances to reflect the Bitcoin that the company may hold on its balance sheet.

ChainCatcher news, Bitcoin mining company CleanSpark has announced that it has completed the acquisition of the U.S. infrastructure company GRIID. After the acquisition of GRIID, mining capacity has increased by 50 megawatts, bringing it closer to the plan of building 400 megawatts of capacity in the coming years.CleanSpark CEO Zach Bradford stated in an announcement on October 31 that he is pleased to announce that the company has completed the acquisition of GRIID Infrastructure following shareholder approval, describing it as a "strategic move that allows us to enhance Bitcoin mining capacity in Tennessee." He also added that this acquisition will enable CleanSpark to build over 400 megawatts of capacity in the coming years.

ChainCatcher news, according to Cointelegraph, Bitcoin mining company CleanSpark has announced the completion of its acquisition of the U.S. infrastructure company GRIID.CleanSpark CEO Zach Bradford stated in an announcement on October 31 that he is pleased to announce that the company has completed the acquisition of GRIID Infrastructure following shareholder approval, describing it as a "strategic move that enables us to enhance our Bitcoin mining capacity in Tennessee." He also added that this acquisition will allow CleanSpark to build over 400 megawatts of capacity in the coming years.

ChainCatcher news, according to TheBlock, Bitcoin mining company CleanSpark shut down its 365MW facility in Georgia due to Hurricane Helen and has currently restored 200MW, expecting full restoration by October 4.The company stated that the hash rate has reached 22 EH/s and will reach 28 EH/s after full restoration. The hurricane has resulted in 128 fatalities and over 2 million people without power.

ChainCatcher news, according to The Block, Bernstein has rated Riot Platforms, CleanSpark, IREN, and Core Scientific as "outperforming the market," while Marathon Digital has been rated as "market perform."The "outperforming the market" rating is a positive assessment from analysts, indicating that the stock is expected to exceed the performance of its market or industry. In contrast, the "market perform" rating is a neutral evaluation, suggesting expected average performance.These assessments are based on five key indicators: production and hash rate, operational and energy efficiency, power consumption, hash cost, and each company's artificial intelligence strategy.

ChainCatcher News: After acquiring Riot Platforms, the American mining company CleanSpark has become the second-largest mining company by market capitalization. CleanSpark is continuing its expansion by starting construction on a new facility in Cheyenne, Wyoming, which is expected to be operational by the end of the year.The company is also acquiring a second mining site in Wyoming and will expand into Tennessee through the acquisition of GRIID Infrastructure. CleanSpark has signed a 75-megawatt power contract in Wyoming, with 30 megawatts allocated for operating S21 immersion XP dedicated ASICs in the planned facilities. This will increase the company's hash rate by 2 EH/s. CleanSpark is seeking additional power sources for this facility.

ChainCatcher news, according to The Block, Bitcoin mining company CleanSpark produced 445 bitcoins in June, up from 417 in May. The company also revealed that it sold 8.06 BTC in June at an average price of about $67,514 per bitcoin.

ChainCatcher news, according to Crypto Briefing, American Bitcoin mining company CleanSpark announced that it mined 417 BTC in May and sold 2.43 BTC at an average price of $59,000 during the month, currently holding 6,154 BTC.

ChainCatcher news, Bitcoin mining company CleanSpark, Inc. (NASDAQ: CLSK) recently announced its financial results for the first quarter of fiscal year 2024. For the three months ended March 31, 2024, the company reported revenue of $111.8 million, a year-over-year increase of 163%, and a net profit of $126.7 million. Adjusted EBITDA was $181.8 million, a significant increase from $12.7 million in the same period last year.

ChainCatcher news, according to Bloomberg, the U.S.-listed Bitcoin mining company CleanSpark plans to launch an internal Bitcoin trading platform this year to maximize the returns on its held cryptocurrency. The company plans to develop strategies based on regulated crypto products, such as options contracts traded on the CME or its affiliates.CleanSpark CEO Zachary Bradford stated that they need to transfer a small amount of funds to different accounts but will continue to work with custodians like Coinbase, using independent account cold storage.As of last November, CleanSpark held 2,575 Bitcoins, worth approximately $97 million. The company reported $168 million in revenue for the fiscal year ending September 2023.

ChainCatcher news, Bitcoin mining company CleanSpark released its November Bitcoin mining and operational update, reporting a total of 666 Bitcoins mined in November, bringing the total Bitcoin mined in 2023 to 6671 Bitcoins.As of November 30, the company's Bitcoin holdings amounted to 2575 Bitcoins. The company sold 402 Bitcoins in November, and the current total mining hash rate is 10.08 EH/s.

ChainCatcher news, according to data released by CleanSpark, it produced 643 BTC in September, bringing its total BTC holdings to 2240. The company's CEO stated that the past few months have been the highest profit quarters ever, making CleanSpark's fiscal year 2023 the best year to date.In addition, Riot Blockchain produced 362 BTC, and Marathon Digital Holdings produced 1242 BTC.

ChainCatcher news, Bitcoin mining company CleanSpark released its August mining and operational update, reporting a Bitcoin production of 659 coins in August, with a total of 4,729 coins mined in 2023. As of August 31, the total BTC holdings amounted to 1,677 coins. In August, CleanSpark sold 43 BTC, approximately worth 1.2 million USD. Currently, 88,217 Bitcoin mining machines have been deployed, with a hash rate of 9.3 EH/s.

ChainCatcher news, Bitcoin mining company CleanSpark mined a total of 575 Bitcoins in July, bringing its total Bitcoin production for 2023 to 4,070 Bitcoins. In July, CleanSpark sold 43 Bitcoins at an average price of $29,300, and as of July 31, it still holds 1,061 Bitcoins, with a total mining hash rate of 9.0 EH/s in July.

ChainCatcher news, Bitcoin mining company CleanSpark released its unaudited Bitcoin mining and operational update for May. In May, the Bitcoin production was 609 coins, and the total Bitcoin production for 2023 reached 3004 coins. As of May 31, the total BTC holdings were 451 coins, and 471 BTC were sold in May for operations and growth. Currently, CleanSpark has deployed 67,196 next-generation Bitcoin miners, with a hash rate of 6.7 EH/s. (source link)

According to ChainCatcher news, CoinDesk reported that Bitcoin mining company CleanSpark has purchased an additional 12,500 Bitcoin mining machines for $40.5 million, marking the latest in a series of purchases during a market downturn. These machines will add 1.76 EH/s of computing power to CleanSpark's operations, bringing it closer to its goal of 16 EH/s by the end of 2023.As of the end of April, the company's mining power was 6.7 EH/s. The press release stated that the first batch of 6,000 Bitmain Antminer S19 XP mining machines will be shipped by the manufacturer in June, with the remainder to be shipped in August. (Source link)

ChainCatcher news, according to CoinDesk, Bitcoin mining company CleanSpark has purchased 20,000 Bitmain mining machines at a price below the market rate. CleanSpark stated that through discount vouchers, the price of the mining machines was reduced by 25%, and it is expected to purchase 20,000 new Bitmain Antminer S19j Pro+ machines for $32.3 million, equivalent to $13.25 /TH, which is lower than the market price of $15.09 /TH.After installation, CleanSpark's Bitcoin mining capacity will increase from 6.6 EH/s by 2.44 EH/s to 9.04 EH/s, an increase of 37%, with expected staggered deliveries from the manufacturer by the end of May. CleanSpark plans to reach a computing capacity of 16 EH/s by the end of 2023. (source link)

ChainCatcher news, Bitcoin mining company CleanSpark announced a net loss of $29 million for the fourth quarter ending December 2022, with revenue of $27.8 million. As of December 31, the company had total assets of $487 million and liabilities of $59.8 million.In addition, CleanSpark aims to acquire undeveloped projects of 50-75 megawatts or make acquisitions to achieve a growth target of 16 EH/s by the end of 2023. The company stated during its quarterly earnings call on Thursday that it expects to continue purchasing mining machines taking advantage of current spot market prices. (source link)