CleanSpark Plans $2.227 Billion Senior Secured Note Offering Due 2031

Nasdaq-listed Bitcoin miner and data center developer CleanSpark said its wholly owned subsidiary, CSDC Finance I, plans a private offering of senior secured notes due 2031 to raise $2.227 billion. According to Odaily, the proceeds would mainly fund completion of the Sandersville AI data center in Texas, reimburse part of the equity capital CleanSpark 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 the final terms will be finalized.