CleanSpark closes $2.276 billion senior secured notes offering

CleanSpark, Inc. has closed a massive debt deal that puts fresh financial muscle behind its Bitcoin mining and data center ambitions. The Nasdaq-listed company confirmed that its subsidiary, CSDC Finance I, LLC, finalized an offering of $2.276 billion in aggregate principal amount of senior secured notes, one of the largest capital raises tied to a Bitcoin infrastructure firm this year. The transaction, structured through this CleanSpark senior secured notes offering, gives the company a sizable new pool of capital to work with as it continues expanding its footprint in energy-driven data center development.

Key takeaways

• CleanSpark’s subsidiary CSDC Finance I, LLC closed a $2.276 billion offering of senior secured notes carrying a 7.875% interest rate and maturing in 2031.
• The notes were not registered under the Securities Act of 1933 and cannot be offered or sold in the United States without registration or an applicable exemption.
• CleanSpark says it controls more than 1.8 GW of power, land, and data center assets across the United States.
• The company frames its strategy around Bitcoin, energy, operational efficiency, and capital stewardship aimed at shareholder returns.
• CleanSpark points investors to its SEC filings, including its Form 10-K and multiple Form 10-Q reports, for detailed risk disclosures.