CleanSpark’s $650M Convert Deal

December 17, 2024

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 investments including metrics and topics to watch out for in 2025!

👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media!

Published twice weekly, “The Mining Pod” interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

Related Episodes

Proto ASIC Miner, MARA’s AI Move, Google Invests in Terawulf, Ethiopia Mining Ban

Proto is changing the game with its new ASIC miner, Rig, and MARA takes a majority stake in an AI/HPC company tied to France’s government-run power provider.

Aug 15, 2025

Pacific Northwest Bitcoin Mining w/ Beau Turner

The Pacific Northwest should be a haven for bitcoin miners, but red tape and a lack of curtailment programs are holding the states back.

Aug 12, 2025

China Mining Ban Fake News, Semiconductor Tariffs, $14.5B Mining Pool Heist

No, China is not banning bitcoin mining again.

Aug 08, 2025

How to Mine Bitcoin From Home in 2025

The BitAxe craze has sparked a whole new generation of pleb mining.

Aug 05, 2025

MARA’s Q2 Earnings, In-Kind BTC ETFs, Bitmain’s U.S. Manufacturing Moves

MARA beat expectations for Q2, the SEC approves in-kind BTC ETFs, and Bitmain is shipping more raw materials to the U.S.

Aug 01, 2025

Hive’s 25 EH Plan and Paraguay Expansion w/ Aydin Kilic

Hive is expanding its Paraguay mining sites with a target of 25 EH/s by year’s end.

Jul 29, 2025

The Golden Age of Bitcoin Equities is Here w/ Matthew Sigel

VanEck’s Head of Digital Asset Research, Matthew Sigel, joins the podcast to discuss bitcoin treasury plays, CoreWeave’s $9 billion bid for Core Scientific, and other hot trends in the Bitcoin equities realm.

Jul 22, 2025

WhiteFiber’s IPO, Public Miner Executive Comp, BIT Mining’s Ethiopia Expansion

On this week’s roundup, we cover Bit Digital’s WhiteFiber IPO prospectus and public mine executive compensation.

Jul 18, 2025

Big Changes Are Coming to the Texas Grid w/ Lee Bratcher

The recently passed SB 6 in Texas will shake up how large loads connect to and manage power in Texas’ ERCOT system.

Jul 15, 2025