Financing ·
CSDC Finance I closes $2.276B private offering of 7.875% Senior Secured Notes due October 1, 2031
CLSKCleanspark, Inc.
On September 25, 2026, CleanSpark’s subsidiary CSDC Finance I, LLC closed a private offering of $2.276 billion in aggregate principal amount of 7.875% Senior Secured Notes due October 1, 2031. The notes were issued at 98.500% of par and bear interest payable semiannually on April 1 and October 1, beginning April 1, 2027. Principal amortization begins after the Final Commencement Date to maintain a target debt service coverage ratio. Net proceeds will finance the remaining cost of the Sandersville Facility in Georgia, reimburse prior equity contributions, and fund debt service reserves. The offering is secured by the facility and guaranteed by CleanSpark via a completion guarantee. CleanSpark operates as a data center developer specializing in Bitcoin mining infrastructure.