Tuesday, April 26, 2022 12:54:17 PM
Bitcoin miner CleanSpark announced on Tuesday that it raised $35 million in non-dilutive equipment financing.
The company closed a three-year deal with Trinity Capital Inc. backed by 3,336 new S19j Pro miners and with an annual interest rate of 9.9%.
The new capital will be used for CleanSpark's growth capital expenditures.
The company recently announced that it would expand mining capacity by 200 megawatts in west Texas until the spring of 2023, with the goal of adding an extra 300 megawatts in the future.
“We intend to continue our efforts of obtaining non-dilutive capital to finance our growth capex needs,” said CFO of CleanSpark Gary Vecchiarelli. “It is worth noting that we have not drawn on our ATM since November.”
CleanSpark currently owns 23,000 “latest-generation” bitcoin mining machines and is waiting on the delivery of approximately 12,000 new ones, per the announcement.
The smoker you drink, the player you get.
Recent CLSK News
- Bitcoin Surges Post Jobs Report, Coinbase Reveals $1.2 Billion 1Q Net Profit, and More Crypto News • IH Market News • 05/03/2024 07:26:30 PM
- CleanSpark Releases April 2024 Bitcoin Mining Update • PR Newswire (US) • 05/02/2024 01:00:00 PM
- CleanSpark Executives to Discuss Fiscal Second Quarter 2024 Financial Results • PR Newswire (US) • 04/24/2024 01:00:00 PM
- OKX Introduces X Layer for Scaling ETH, GBTC Holdings Halve Post-Launch, and More Crypto News • IH Market News • 04/16/2024 05:48:05 PM
- Aptos Declines Ahead of Token Unlock, Hong Kong Nears Approval of Crypto ETFs, and More Updates • IH Market News • 04/12/2024 06:14:12 PM
- CleanSpark Exceeds 17 EH/s, Exercises and Upgrades Previously Announced Option for 100,000 Bitcoin Mining Machines • PR Newswire (US) • 04/12/2024 01:00:00 PM
- CleanSpark Releases March 2024 Bitcoin Mining Update • PR Newswire (US) • 04/01/2024 11:00:00 AM
- Crypto: Bitcoin ETFs Experience 3 Consecutive Days of Outflows, CryptoPunk Fetches $16.42M in Sale, and More • IH Market News • 03/21/2024 07:17:25 PM
- CleanSpark Releases February 2024 Bitcoin Mining Update • PR Newswire (US) • 03/01/2024 02:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/28/2024 02:43:04 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/28/2024 02:39:47 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/28/2024 02:37:06 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:58:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:55:20 PM
- CleanSpark Exceeds 15 EH/s, Completes Acquisition of Mississippi Bitcoin Mining Data Centers • PR Newswire (US) • 02/27/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 07:13:06 PM
- CleanSpark Exceeds 14 EH/s as Sandersville Expansion Comes Online • PR Newswire (US) • 02/15/2024 02:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/14/2024 12:54:55 AM
- Futures Pointing To Roughly Flat Open On Wall Street • IH Market News • 02/12/2024 02:08:18 PM
- S&P 500 Closes Above 5,000 As Tech Stocks Rally • IH Market News • 02/09/2024 09:42:31 PM
- Bitcoin Breaks $47K Barrier, COTI’s Surge with MPC Protocol, and Latest Updates • IH Market News • 02/09/2024 05:47:25 PM
- Cloudflare Skyrockets 26% Pre-Market; Expedia Plunges 14% After CEO Resignation, and More • IH Market News • 02/09/2024 10:51:57 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/08/2024 09:30:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 09:10:13 PM
- CleanSpark Reports First Quarter FY2024 Financial Results • PR Newswire (US) • 02/08/2024 09:00:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM