CleanSpark closes $2.276 billion of 7.875% senior secured notes due 2031
CleanSpark's subsidiary CSDC Finance I, LLC closed a private offering of $2.276 billion in 7.875% senior secured notes due October 1, 2031, priced at 98.500% of principal. Proceeds are intended to finance the remaining cost of the Sandersville Facility, a Georgia data center, reimburse prior equity contributions, and fund debt service reserves. The notes are secured obligations of the issuer, and CleanSpark has agreed to a completion guarantee for the facility if funding falls short.
Key points
- Principal of $2,276.0 million sold at 98.500% of par, with interest of 7.875% per year paid semiannually from April 1, 2027
- Notes mature October 1, 2031; issuer may redeem on or after October 1, 2028, with a make-whole premium before that date
- Indenture limits additional debt, dividends, asset sales and affiliate transactions; change of control triggers an offer to repurchase at 101% of principal
- CleanSpark will provide a completion guarantee for the Sandersville Facility, funding the issuer if proceeds and prior equity contributions are insufficient
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.