CleanSpark Plans $227 Million Senior Secured Notes Offering Due 2031

CleanSpark said its wholly owned subsidiary, CSDC Finance I, plans a private offering of senior secured notes due 2031 to raise $227 million. According to ChainCatcher, the proceeds are expected to fund completion of the Sandersville data center in Texas, reimburse part of the equity capital previously invested in the facility, and establish a debt service reserve. The company said the offering remains subject to market and other conditions, and there is no assurance it will be completed or that final terms will be agreed.