CleanSpark, Inc.

CleanSpark Releases September 2026 Operational Update

CleanSpark's September operational update confirmed the closing of $2.276 billion of 7.875% senior secured notes due 2031 via subsidiary CSDC Finance I, LLC, funding the Sandersville data center build-out through completion. The lease tied to the project is expected to generate approximately $6.6 billion of contracted revenue over its initial term, per the release. September mining produced 529 BTC with holdings of 13,530 BTC at month-end after selling 702 BTC (spot and call exercises) at an average price of $72,928; the operational fleet ran at 50 EH/s. CleanSpark also said it will discontinue monthly updates in favor of standard quarterly reporting consistent with data center sector peers.

•0mo ago

CleanSpark, Inc. Announces Closing of $2.276 Billion of Senior Secured Notes

CleanSpark's wholly owned subsidiary CSDC Finance I, LLC closed a $2.276 billion offering of 7.875% senior secured notes due 2031. The deal completes a previously announced financing and provides large-scale capital without issuing new equity, supporting the company's data center buildout across its 1.8 GW power portfolio. The notes are unregistered under the Securities Act and were sold under an exemption from registration.

•1mo ago

CleanSpark, Inc. Announces Pricing of $2.276 Billion of Senior Secured Notes

CleanSpark priced a $2.276 billion offering of 7.875% senior secured notes due 2031 at 98.500% of principal, issued through wholly owned subsidiary CSDC Finance I, LLC in a Rule 144A/Regulation S private placement. Net proceeds will finance the remaining cost of the Sandersville data center buildout, reimburse CleanSpark for prior equity contributions to the facility, and fund debt service reserves. The notes are secured by first-priority liens on substantially all assets of the issuing entities, guaranteed by CSRE Properties Sandersville, and backed by a CleanSpark completion guarantee; closing is expected September 25, 2026. The deal locks in large-scale debt funding for the company's data center expansion, substituting secured leverage for equity dilution at a high single-digit coupon.

•1mo ago

CleanSpark, Inc. Announces Proposed Offering of $2.227 Billion of Senior Secured Notes

CleanSpark's wholly owned subsidiary CSDC Finance I, LLC intends to offer $2.227 billion of senior secured notes due 2031 in a Rule 144A / Regulation S private placement to qualified institutional buyers. Net proceeds are earmarked to finish the Sandersville data center build out, reimburse CleanSpark for prior equity contributions to the facility, and fund debt service reserves. The notes carry a guarantee from CSRE Properties Sandersville and first-priority liens on subsidiary assets, while CleanSpark itself provides a completion guarantee to fund timely finish of the facility if proceeds fall short. No coupon or pricing is disclosed, and completion remains subject to market conditions, so the final cost of this leverage is not yet known.

•1mo ago

CleanSpark Releases August 2026 Operational Update

CleanSpark reported 593 BTC produced in August, bringing its 2026 total to 4,903, with an operational hashrate of 50 EH/s. The company received conditional batch zero classification from ERCOT for 585 MW of contracted capacity and 300 MW for studied load, supporting Governor Abbott's audit directive. Bitcoin holdings declined to 13,703 as of August 31, with 77 BTC sold at spot and 500 sold via call exercises.

•2mo ago

CleanSpark Releases July 2026 Operational Update

CleanSpark secured a 20-year triple-net data center lease at its Sandersville, Georgia campus, expected to generate $6.6 billion in contracted revenue with a high investment-grade tenant. The agreement covers 175 MW of critical IT load with deliveries beginning in Q4 2027 and is expected to deliver a nearly 100% NOI margin, or roughly $330 million in average annual contribution. Operationally, the company produced 586 Bitcoin in July and reported total holdings of 13,931, while scheduling its Q3 FY2026 earnings call for August 6.

•3mo ago

CleanSpark Secures Twenty-Year Lease with High-Investment Grade Global Technology Company for Data Center in Sandersville, Georgia

CleanSpark entered into a 20-year triple-net lease with a high-investment-grade global technology company for its Sandersville, Georgia data center, locking in $6.6 billion of contracted revenue over the initial term. The agreement covers 175 MW of critical IT load with deliveries expected to begin in Q4 2027, targeting nearly 100% NOI contribution and an average annual NOI of roughly $330 million. Additionally, the tenant executed an exclusivity arrangement covering CleanSpark's entire 885 MW Texas portfolio, signaling a significant expansion of the strategic relationship beyond the initial Georgia campus.

•3mo ago

CleanSpark Releases June 2026 Operational Update

CleanSpark reported June 2026 production of 614 bitcoin, bringing year-to-date output to 3,724 and increasing total treasury holdings to 13,924 BTC. The company achieved an operational hashrate of 50 EH/s with peak efficiency of 16.07 J/Th, while maintaining 1.8 GW of power under contract and utilizing 808 MW. CEO Matt Schultz highlighted progress on the commercialization of the Sandersville facility and energization efforts in Texas alongside the expansion of the HPC campus portfolio.

•4mo ago

CleanSpark Releases May 2026 Operational Update

CleanSpark reported May 2026 operational metrics, producing 671 Bitcoin and maintaining an operational hashrate of 50.0 EH/s across 224,473 deployed miners. The company appointed Ruben Sahakyan as Senior Vice President of Finance to oversee capital markets and M&A, leveraging his $20B+ advisory background to support the transition into a multi-gigawatt AI data center platform. Bitcoin holdings ended the month at 13,470 BTC after selling 404 BTC at spot and 250 BTC via call exercises, with an average sale price of $79,934.

•5mo ago

CleanSpark Appoints Ruben Sahakyan as Senior Vice President of Finance

CleanSpark appointed Ruben Sahakyan as Senior Vice President of Finance, bringing deep investment banking expertise from Keefe, Bruyette & Woods (KBW). Sahakyan will lead Capital Markets, FP&A, and support firm-wide M&A as CleanSpark transforms into a multi-gigawatt AI and digital infrastructure platform. The company controls a portfolio of more than 1.8 GW of power, land, and data centers, positioning it to capitalize on growing demand for AI compute.

•5mo ago

CleanSpark Releases April 2026 Operational Update

CleanSpark reported record monthly Bitcoin production of 640 BTC in April, averaging over 21 BTC per day with an operational hashrate of 50.0 EH/s. Total Bitcoin holdings decreased slightly to 13,453 after selling 748 BTC during the month at an average price of $74,807. CEO Matt Schultz highlighted the company's 1.8 GW power portfolio under contract, noting progress toward securing the first hyperscale customer for a planned AI infrastructure platform.

•6mo ago