Nasdaq-listed Bitcoin miner CleanSpark announced plans to raise $2.227 billion through a private issuance of senior secured notes due 2031 via its wholly-owned subsidiary CSDC Finance I. The capital will primarily fund completion of the Sandersville data center in Texas, partially reimburse previously contributed equity capital, and establish a debt service reserve.
The offering remains subject to market conditions and other contingencies, with no guarantee of completion or final terms. CleanSpark continues to expand its mining infrastructure as the company scales operations to meet growing demand for Bitcoin production capacity.
CleanSpark Plans $2.227 Billion Senior Secured Notes Offering for Texas Data Center
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