Bitcoin miner CleanSpark slides after boosted $1.15 bln convertible bonds sale
** CleanSpark's shares down 4.9% premarket to $14.29 after bitcoin miner's above-target capital raise for expansion ** Nevada-based CLSK late Mon announced pricing private offering of $1.15 bln 0% convertible bonds (CBs) due 2032 ** Offering size increased from $1 bln; initial conversion price set at $19.16, 27.5% above stock's last close of $15.03 ** Co plans to use net offering proceeds to expand its power and land portfolio, develop data center infrastructure, repay outstanding bitcoin-backed line of credit balances, among other purposes** It also intends to use about $460 mln of proceeds to repurchase its shares from CBs investors** Through Mon, CLSK shares up 63% YTD ** 11 of 13 analysts rate CLSK "strong buy" or "buy", rest rate "hold"; median PT is $25, per LSEG data