CleanSpark’s $650M Convert Deal

0
0

Welcome back to The Mining Pod! On today’s show, were joined by CleanSpark CEO Zach Bradford and CFO Gary Vecchiarelli to discuss their convertible note offering. In this show, we go through the mechanics of the note (it’s complicated, trust me), the purpose for using the funds, growing to 50 EH/s and why CleanSpark chose not to buy Bitcoin with the capital on hand. Lastly we talk about the institutional space for Bitcoin investments including metrics and topics to watch out for in 2025!


Timestamps:


00:00 Start

02:10 Cleanspark update

04:11 How the note works

07:53 Why not buy Bitcoin?

13:35 Why 0% interest

16:16 Why the cap call?

19:34 Choosing the right financial option

25:38 Why convertible note bull market?

30:16 Deal coordination

31:17 Bond market new to miners?

32:31 Shareholder value

36:51 ATM

38:05 Why not deploy capital immediately?

40:12 Institutional investors

41:34 Best metrics to watch

43:02 What does 2025 look like?



Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 


No comments yet...
Log in to comment
0 0 0
Yesterday

ASIC Border Seizures, Tencent’s BTC Mining Exposure, Miners Double Down on AI

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: h…
0 0 0
2025-02-13

Bit Digital’s White Fiber AI/HPC Rebrand w/ Sam Tabar

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: h…
0 0 0
2025-02-11

Mining For The Streets With Bitaxe

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners.: …
0 0 0
2025-02-07

Bitdeer’s Power Plant, Trump’s ETFs, Softbank’s $50m Cipher Bet, and Nebraska’s Mining Tax

Welcome back to The Mining Pod! Colin, Will, and Matt are back at it this week with a packed docket …
0 0 0
2025-02-06

2025 Is the Year of the AI/HPC Miner w/ Kevin Dede

Welcome back to The Mining Pod! For today’s Bitcoin Stock Show, Kevin Dede, a managing director of e…
0 0 0
2025-02-04

Ohio: Bitcoin Mining's Hidden Gem

Welcome back to The Mining Pod! Today, Andrew Burchwell from the Ohio Blockchain Council joins us to…

The Mining Pod | Bitcoin Mining News

With over 200 shows, The Mining Pod is the industry’s best resource for the latest news and strategi…

Log in to Follow

More episodes from The Mining Pod | Bitcoin Mining News

Top Podcasts Top rated Podcasts

Even wachten...