Crypto
CleanSpark Soars After Announcing $2.22 Billion Senior Secured Notes Offering
CleanSpark Inc (NASDAQ:CLSK) shares rose on Thursday after the company announced plans to issue $2.227 billion in senior secured notes.
The proceeds from this offering will fund construction costs at its Sandersville Facility, reimburse prior equity contributions, and create debt service reserves.
Notably, CleanSpark has $6.6 billion in contracted revenue, which is a significant figure for the company.
In terms of technical analysis, shares are currently trading 3.7% above their 20-day SMA and about flat versus their 50-day SMA.