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Cleanspark Raises $1.15B to Counter Potential MSCI Index Exclusion
12/03/2025, 12:06
AI SUMMARY
●Cleanspark raised $1.15B in November to manage balance sheet ahead of MSCI changes
●MSCI may exclude companies with >50% crypto assets from indices on Jan 15
●Company bought back $400M stock to mitigate potential passive fund sell-offs
Cleanspark raised $1.15 billion in November, a strategic move reportedly designed to front-run upcoming changes to MSCI indices scheduled for January 15. The new index rules may exclude companies that hold more than 50% of their assets in crypto.
Market participants suggest that passive funds would be forced to sell shares of miners like Cleanspark, Riot, and Marathon if they fail to meet the new criteria. Cleanspark immediately utilized part of the raised capital to buy back $400 million of stock, positioning itself against the anticipated forced selling.