CleanSpark Prices $2.276 Billion Notes for Sandersville Data Center

Sep 19, 2026
CleanSpark subsidiary CSDC Finance I priced $2.276 billion of senior secured notes to fund the Sandersville data center. The notes carry a 7.875% interest rate and mature in 2031.

CleanSpark, Inc. announced in a press release that its wholly owned subsidiary CSDC Finance I priced a $2.276 billion private offering of senior secured notes. The notes carry a 7.875% interest rate, mature in 2031, and were priced at 98.500% of their principal amount.

CleanSpark plans to use the net proceeds to complete construction of its Sandersville data center, reimburse prior equity contributions related to the facility, and fund debt service reserves. The company will provide a completion guarantee and supply additional funding if the proceeds are insufficient to finish the facility on schedule.

The offering is expected to close on September 25, 2026, subject to customary conditions. The notes will be guaranteed by CSRE Properties Sandersville and secured by first priority liens on substantially all assets of the issuer and guarantor, subject to specified exclusions.

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