U.S. stock anomaly | CleanSpark (CLSK.US) plans to issue $1 billion in convertible bonds, with a drop of over 8%

According to the smart financial APP, on Tuesday, CleanSpark (CLSK.US) fell more than 8% at the opening, retracing over 36% from its high in October, and is now trading at $13.84. On the news front, the company is planning to raise $1 billion in funds through the issuance of convertible bonds to support its continued business expansion. According to a statement released by the company on Monday, the Las Vegas-based enterprise plans to issue zero-coupon convertible bonds that mature in 2032. CleanSpark will use up to $400 million of the funds raised for stock repurchases, while the remaining funds will be used for expanding its power and land asset portfolio, building data center infrastructure, and debt repayment.