US stock abnormal volatility | Plans to issue $1 billion convertible bonds CleanSpark (CLSK.US) falls more than 8%

According to the Wisdom Financial APP, on Tuesday, CleanSpark (CLSK.US) opened with a drop of over 8%, a significant retreat of over 36% from its October high, and is now trading at $13.84. On the news front, the company is planning to raise $1 billion in funds through the issuance of convertible bonds to support the continued expansion of its business scale. According to a statement released by the company on Monday, the Las Vegas-based company plans to issue zero-coupon convertible bonds due in 2032. CleanSpark will use up to $400 million of the funds raised for stock repurchases, with the remaining funds being allocated to expanding the portfolio of power and land assets, building data center infrastructure, and debt repayment.