CleanSpark’s $650M Convert Deal
Convertible notes are all the rage in Bitcoin mining today. How did CleanSpark structure its note? We dig in!
Dec 17, 2024
Listen or watch all the new CoinDesk podcast episodes wherever you want.
ABOUT
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!
👉 Check out Bitcoin Season 2 and The Gwart Show!
Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell
-
Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!
"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset.
EPISODES
THE MINING POD: ERCOT’s 266 GW Surge, IREN’s $2.3B Raise, GPUs > ASICs, Whatsminer M70
This week in bitcoin mining news, ERCOT sees a 266 GW of interconnection requests in 2026, IREN closed a $2.3 billion...
10 hours ago
Zcash Founder Zooko Wilcox: Surveillance Is a "Dangerous Experiment"
Zcash Founder Zooko Wilcox on Why Privacy is Actually the Historical Norm.
Dec 11, 2025
Inside the CFTC's Digital Asset Pilot Program with Acting Chairman Caroline Pham
Announcing the CFTC's Digital Assets Pilot Program with Acting Chairman Caroline Pham.
Dec 11, 2025
Why CZ Endorses This Viral Perp DEX
The rise of Aster and CZ's endorsement of the project with Aster CEO Leonard.
Dec 11, 2025
COINDESK SERIES
0 EPISODE
The Mining Pod
Feb 10, 2025
1377 EPISODES
CoinDesk Podcast Network
The top stories and best shows in the blockchain world, delivered daily from the team at CoinDesk.
Dec 20, 2023
1349 EPISODES
Markets Outlook
Tune in as CoinDesk runs down action in the crypto market and some of the most important recent industry development.
Dec 19, 2023
0 EPISODE
Unchained
Unchained, your no hype resource for all things crypto by former Forbes senior editor Laura Shin, author of The Cryptopians.
Dec 18, 2023
