CleanSpark (CLSK) Completes $2.2 Billion Senior Secured Notes Offering

CleanSpark (NASDAQ: CLSK) priced $2.276B in 7.875% senior secured notes due 2031, raising $2.242B for its Sandersville data-center project. The notes will fund construction costs and other project expenses. The offering is $49M larger than initially proposed, with an annual cash interest of $179.2M. The project includes a 20-year lease with Meta-owned Anviran, guaranteeing $6.6B in payments.

Crypto-linked stocks rose in premarket trading as Bitcoin hit a seven-month high, up 5.1% at $84,435.90. The rally followed an SEC decision allowing tokenized U.S. stocks on blockchain platforms. MicroStrategy, Coinbase, and Robinhood gained 7%, 4.8%, and 3.7% respectively. Bitcoin miners like Mara Holdings and Riot Platforms also advanced.

CleanSpark (CLSK) signed a $6.6B 20-year lease for a Georgia facility, expanding into AI/data centers while retaining Bitcoin mining. The project involves $2.23B in debt, adding leverage risk. CLSK holds 13,703 BTC, with a hashrate of 50 EH/s. The stock rose 8.39% to $14.47 on Sept 18, 2026, with key technical levels identified.

CleanSpark (CLSK) priced $2.276B in 7.875% senior secured notes due 2031, sold at 98.500% of principal. Proceeds will fund its Sandersville Facility, reimburse equity contributions, and cover debt service reserves. Notes are guaranteed by subsidiaries and secured by their assets. The offering is subject to market conditions and not registered for retail investors.

CleanSpark (CLSK) secured a 20-year, $6.6B lease for its Georgia data center, expecting $330M annual revenue. The company has raised $2.2B in funding and expanded Bitcoin mining capacity. Shares trade at $14.47, with analysts valuing it at $23.81, suggesting a 39% undervaluation. However, the company reports losses and faces risks from Bitcoin market fluctuations and high capital expenditures.

CleanSpark Inc. raised $2.28 billion in junk bonds for a Meta-tied data center, with demand exceeding $10 billion. The 5-year notes yield 8.25%, higher than average due to increased risk premiums. Meta guaranteed rent and expenses under a 20-year lease. CleanSpark's market value is about $3.63 billion.