CleanSpark said its wholly owned subsidiary, CSDC Finance I, closed an offering of $2.276 billion aggregate principal amount of 7.875% senior secured notes due 2031. The notes were priced at 98.500% of principal and sold through a private placement to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S. CleanSpark said proceeds will support data-center expansion, including the build-out of its Sandersville facility, and refinancing of existing credit facilities. The completed transaction moves the financing from a proposed debt raise into capital available for deployment, while adding a substantial fixed debt-service obligation. CleanSpark shares fell 4.10% to $13.68 at publication, even as the Nasdaq, S&P 500 and technology sector advanced. The company said it controls more than 1.8 gigawatts of power, land and data centers across the United States and remains subject to the risks disclosed in its Securities and Exchange Commission filings.