CleanSpark Prices $2.276B Secured Notes For Sandersville Data Center

TL;DR

CleanSpark is going back to the capital markets in a big way.

The Bitcoin miner has priced $2.276 billion of senior secured notes due 2031, carrying an annual interest rate of 7.875%, as it continues expanding its power and data-center footprint.

The size of the deal is notable even in a mining sector that has become increasingly comfortable with large infrastructure financings.

CleanSpark built its name around Bitcoin mining, but like several of its peers, the company now owns something the wider computing industry badly wants: powered land and large-scale data-center infrastructure.

Bitcoin Mining Meets The Data-Center Trade

The notes give CleanSpark fresh capital to keep building.

According to the company’s filing, proceeds are expected to support development at its Sandersville, Georgia campus, including infrastructure capable of serving Bitcoin mining and higher-performance compute workloads.

That second part has become increasingly important across the mining industry.

A few years ago, miners were valued largely on hash rate, Bitcoin production and power cost. Today, investors are also asking how much of that infrastructure could support AI or high-performance computing customers.