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

MARA’s Plans to Expand Internationally, Purchase Energy Assets w/ Adam Swick

MARA wants to have 50% of its operations abroad by 2028. Here’s how they plan to do it.

Mar 01, 2025

BlackRock’s $2B Mining Holdings, BitFuFu’s $20.4M Buy, BTC Mining’s Economic Impact, and Milei’s Scamcoin

How many bitcoin miners does BlackRock own, and why did Argentinian President Javier Milei endorse a memecoin?

Feb 21, 2025

The Pure Play Bitcoin Mining Playbook

HPC & AI or just mine Bitcoin? Harry Sudock of CleanSpark makes the case for the latter.

Feb 20, 2025

Bitcoin Mining in East Africa

We’re going global with this week’s show on mining Bitcoin in East Africa via Gridless, a company monetizing stranded energy assets through Bitcoin mining!

Feb 18, 2025

ASIC Border Seizures, Tencent’s BTC Mining Exposure, Miners Double Down on AI

The CBP is seizing ASIC miners at the border, and Chinese tech giant Tencent adds to its bitcoin mining exposure.

Feb 14, 2025

Bit Digital’s WhiteFiber AI/HPC Rebrand w/ Sam Tabar

Bit Digital is doubling down on AI/HPC with its WhiteFiber rebrand, but what does this mean for its bitcoin mining business?

Feb 13, 2025

Mining For The Streets With Bitaxe

There’s a small, hobbyist Bitcoin mining unit that’s getting Bitcoin plebs fired up. We’re learning more on this week’s Mining Pod.

Feb 11, 2025

Bitdeer’s Power Plant, Trump Bitcoin ETF, Softbank’s $50m Cipher Bet, and Nebraska’s Mining Tax

On this week’s news roundup, Bitdeer’s acquiring rights for a 101 MW power plant and Trump wants to launch a BTC ETF.

Feb 07, 2025

2025 Is the Year of the AI/HPC Miner w/ Kevin Dede

H.C. Wainwright analyst Kevin Dede joins us to talk AI/HPC hybrid miners vs. pure-play miners.

Feb 06, 2025

Bitcoin’s first industry publication. From tech to venture to mining, Blockspace has the info and audience Bitcoin builders listen to.

© 2025 Blockspace Media Inc | All Rights Reserved