CleanSpark prices $2.276 billion senior secured notes for Sandersville data center

  • CleanSpark priced $2.276 billion of senior secured notes for the Sandersville data center.
  • 7.875% notes mature in 2031 and were priced at 98.5% of principal.
  • CleanSpark will use proceeds for construction, reimbursements and debt-service reserves.

CleanSpark priced $2.276 billion of 7.875% senior secured notes due 2031 at 98.5% of principal through its subsidiary CSDC Finance I LLC. The offering is expected to close on Sept. 25, 2026, subject to customary conditions, and will finance remaining construction of the 175-megawatt Sandersville, Georgia, data-center campus, reimburse prior equity contributions and fund debt-service reserves. The facility is supported by a 20-year triple-net lease with Meta Platforms subsidiary Anviran LLC, under which Meta covers rent and operating expenses. The notes will be guaranteed by CSRE Properties Sandersville LLC and secured by first-priority liens on substantially all assets of the issuer and guarantor, as well as the issuer's equity interests held by its parent. CleanSpark will provide a completion guarantee if note proceeds are insufficient. The transaction marks the company's expansion from Bitcoin mining into contracted AI and high-performance-computing infrastructure, while the private offering remains subject to market conditions and has not been registered under U.S. securities laws.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
CleanSpark prices $2.276 billion senior secured notes for Sandersville data center - CoinPost Terminal