Gary Vecchiarelli

CFO of CleanSpark. He is experienced in financial engineering and structuring complex financial deals for the company.

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Dec 17, 2024 • 47min

THE MINING POD: CleanSpark’s $650M Convert Deal

Zach Bradford, CEO of CleanSpark, and Gary Vecchiarelli, CFO, discuss their innovative $650 million convertible note structure designed to enhance Bitcoin mining operations. They delve into why they opted against purchasing Bitcoin directly, the strategy behind their 0% interest deal, and the need for efficient capital deployment. The conversation also covers the growing role of institutional investors in the crypto space and what metrics will be key to watch in 2025, revealing insights into CleanSpark's vision for future expansion.