CleanSpark proposes $2.227 billion senior secured notes due 2031 for Sandersville
CleanSpark said its wholly owned subsidiary CSDC Finance I intends to offer, subject to market conditions, $2.227 billion aggregate principal amount of senior secured notes due 2031 in a private Rule 144A / Regulation S placement. Intended uses: finish the remaining build-out of the Sandersville data center facility, reimburse CleanSpark for certain prior equity contributions to that project, and fund debt-service reserves. The notes would be guaranteed by CSRE Properties Sandersville and secured by first-priority liens on substantially all issuer and guarantor assets, plus a customary completion guarantee from CleanSpark.
Why it matters
A multi-billion-dollar project-finance style notes launch is a concrete funding path for a named campus build.
Companies
- CleanSpark
Risks
- Offering may not close or may close on different size/terms.
- Construction and interconnection execution at Sandersville remain.