CleanSpark Inc. is looking to raise $1 billion in a sale of convertible bonds, as the Bitcoin miner and data center operator seeks to fund its growing footprint.

The Las Vegas-based company is offering zero-coupon convertible bonds due in 2032, according to a statementBloomberg Terminal Monday. CleanSpark will use as much as $400 million of the funds raised to buy back its shares, and will put the rest into the expansion of its power and land portfolio, the development of data center infrastructure and paying down debt.