CleanSpark Closes $2.276 Billion Debt Deal for Sandersville Data Center

CleanSpark has closed a $2.276 billion debt offering in the form of 7.875% notes to finance construction and to reimburse earlier equity investments in a data center project in Sandersville, Georgia. The financing supports a facility covered by a 20-year lease.

By AI Newsroom· Reviewed by Pranav, Founder & Editor-in-ChiefPublished 1 minute agoUpdated 1 minute ago0 views

Why It Matters

The deal provides substantial capital for a long-term infrastructure project and shifts some funding from equity to credit, potentially affecting CleanSpark's capital structure and cash flow obligations over the next two decades. It also secures financing for a large-scale data center with a multi-decade lease, which can influence regional data infrastructure capacity and financing trends for similar projects.

Key Facts

Issuer: CleanSpark
Size of debt offering: $2.276 billion
Coupon rate: 7.875%
Intended uses: Fund construction and reimburse earlier equity contributions
Project location: Sandersville, Georgia (data center)

CleanSpark has completed a $2.276 billion debt financing through notes carrying a 7.875% coupon. The proceeds are earmarked to finance construction work at a data center project in Sandersville, Georgia, and to reimburse equity that had been previously injected into the development. The Sandersville facility is associated with a 20-year lease, providing a long-term occupancy arrangement tied to the project. By converting some previously equity-funded costs into debt, CleanSpark has altered the capital mix for this specific development, replacing earlier owner funding with third-party credit. The notes issuance supplies immediate liquidity for construction expenditures while also repaying internal or third-party equity contributions made during earlier stages of the project. The financing therefore supports both near-term build-out and capital-accounting changes related to the Sandersville site. Closing the deal gives the company a defined interest expense obligation at the stated coupon rate and secures financing for a project with a multi-decade lease term. The structure and size of the transaction reflect a sizable commitment to the Sandersville data center and represent a notable financing event for CleanSpark.