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.
Key figures
- Coupon rate
- 7.875%
- Maturity year
- 2031
- Power portfolio
- more than 1.8 GW
- Expected closing date
- September 25, 2026
- Issue price pct of par
- 98.5
AI analysis
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