CleanSpark Raises Capital via Expensive Debt, Stock Falls
CleanSpark, Inc. (Nasdaq: CLSK) stock experiences pressure on Friday following details surrounding its subsidiary’s $2.276 billion senior secured notes offering.
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Why It Matters
CleanSpark borrowed a huge amount of money to grow. When companies borrow a lot at high rates, investors get worried about their future costs.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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