CleanSpark Prices $2.276B Senior Secured Notes at 7.875% to Fund Sandersville Data Center
CLSK sits 80% above its 52-week low of $8.
Summary
CleanSpark priced $2.276 billion of 7.875% senior secured notes due 2031 at 98.5% of par, upsizing yesterday's proposed offering to fund the Sandersville data center. Closing expected September 25, 2026.
Updates
· SEC 8-K — CleanSpark completed the offering on September 25, 2026, issuing $2.276 billion of 7.875% senior secured notes due 2031 at 98.500% of principal.
Key Events · Financing and Capital Events · CLSK
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Notes Priced at 7.875%
CSDC Finance I, LLC priced $2.276 billion of 7.875% senior secured notes due 2031 at 98.500% of principal, upsizing the $2.227 billion proposed on September 17, 2026.
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Proceeds Fund Sandersville Build-Out
Net proceeds will finance the remaining cost of the Sandersville data center, reimburse CleanSpark for prior equity contributions, and fund debt service reserves.
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First-Priority Security Package
Notes are secured by first-priority liens on substantially all assets of the issuer and CSRE Properties Sandersville, LLC, plus all equity interests of the issuer held by its direct parent.
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Completion Guarantee
CleanSpark will provide a customary completion guarantee, funding the issuer as necessary to ensure timely completion of the Sandersville Facility if note proceeds are insufficient.
Analysis · CLSK · Crypto Assets
The debt raise is now finalized, with $2.276 billion of 7.875% senior secured notes due 2031 priced at 98.5% of par. This is slightly larger than the $2.227 billion proposed yesterday and locks in a high-yield coupon that reflects the company's leveraged position after a $239.8M quarterly loss. Proceeds fund the Sandersville data center build-out, reimburse prior equity contributions, and establish debt service reserves. The notes are secured by first-priority liens on substantially all assets of the issuer and its subsidiary, with CleanSpark providing a completion guarantee — meaning the parent must fund any shortfall to finish the facility. Closing is expected September 25, 2026.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.4% of the 1070 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CLSK was trading at $14.42 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $8.00 to $23.61. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.