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Podcast: CoinDesk Podcast Network
Episode: THE MINING POD: CleanSpark’s $650M Convert Deal
Description: Convertible notes are all the rage in Bitcoin mining today. How did CleanSpark structure its note? We dig in!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 inve...