CleanSpark announced that its wholly owned subsidiary, CSDC Finance I, LLC, has priced a private offering of $2.276 billion in senior secured notes. The net proceeds are intended to finance the completion of the company's Sandersville data center, reimburse prior equity contributions for the facility, and fund debt service reserves.

Key Details

  • Offering: $2.276 billion aggregate principal amount of 7.875% senior secured notes due 2031.
  • Pricing: The notes were priced at 98.500% of their principal amount.
  • Timeline: The offering is expected to close on September 25, 2026, subject to customary closing conditions.