Recent Updates — CLSK
On September 25, 2026, CleanSpark’s subsidiary CSDC Finance I, LLC closed a private offering of $2.276 billion in aggregate principal amount of 7.875% Senior Secured Notes due October 1, 2031. The notes were issued at 98.500% of par and bear interest payable semiannually on April 1 and October 1, beginning April 1, 2027. Principal amortization begins after the Final Commencement Date to maintain a target debt service coverage ratio. Net proceeds will finance the remaining cost of the Sandersville Facility in Georgia, reimburse prior equity contributions, and fund debt service reserves. The offering is secured by the facility and guaranteed by CleanSpark via a completion guarantee. CleanSpark operates as a data center developer specializing in Bitcoin mining infrastructure.
On September 18, 2026, CleanSpark announced that its subsidiary CSDC Finance I priced $2.276 billion of 7.875% senior secured notes due 2031 at 98.500% of principal. The offering is expected to close on September 25, 2026, with net proceeds designated for the Sandersville Facility build-out, reimbursement of prior equity contributions, and debt service reserves. CleanSpark operates in the data center development industry.
On September 17, 2026, CleanSpark announced that its subsidiary CSDC Finance I intends to offer $2.227 billion in aggregate principal amount of senior secured notes due 2031 via a private offering to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The net proceeds will finance the remaining construction costs of the Sandersville data center facility, reimburse prior equity contributions, and fund debt service reserves. CleanSpark has provided a customary completion guarantee for the project, which is leased to Meta with a base-term contract value of approximately $6.6 billion. This significant financing initiative supports the company's strategic expansion into high-performance computing and AI infrastructure development.
CleanSpark, Inc. entered into a 20-year triple net lease agreement with a high investment grade global technology tenant for data center infrastructure at its Sandersville, Georgia campus. The lease supports 175 megawatts of critical information technology load and includes annual escalators. The tenant also executed a letter of intent and exclusivity arrangement for 718 acres in the company's Texas portfolio, covering up to 885 megawatts of secured and planned power capacity. The agreement requires the company to meet specific financing, construction, and delivery milestones to avoid rent abatements or termination. CleanSpark, Inc. operates in the digital infrastructure and bitcoin mining industry.