CleanSpark announced that its wholly-owned indirect subsidiary, CSDC Finance I, LLC, intends to offer $2.227 billion in senior secured notes due 2031. The private offering is intended to finance the completion of its "Sandersville Facility," a 175 MW AI data center campus pre-leased to a subsidiary of Meta.

Key Details

  • Offering Size: $2.227 billion aggregate principal amount of senior secured notes due 2031.
  • Use of Proceeds: To finance the remaining build-out of the Sandersville data center, reimburse the company for prior equity contributions, and fund debt service reserves.
  • Project Details: The Sandersville facility is leased to a subsidiary of Meta on a 20-year base term, representing approximately $6.6 billion in contracted lease payments. Phase I rent commencement is targeted for Q4 2027.