CleanSpark closes $2.28 billion senior secured notes offering
CleanSpark Inc. (CLSK) subsidiary CSDC Finance I LLC completed a $2.276 billion offering of senior secured notes with a 7.875% interest rate, maturing in 2031. The notes were not registered under the Securities Act of 1933. CleanSpark operates data centers across the U.S. with a portfolio exceeding 1.8 GW of power, land, and data centers.
How this was made
The 30-second read
Why it matters
The capital raise expands the balance sheet and may affect valuation multiples.
Market read
First‑report of a multi‑billion debt issuance for a mid‑cap tech infrastructure firm.
What to watch
Potential tax‑advantaged financing and existing cash reserves may mitigate risk.
Background
CleanSpark is a data‑center developer with a 1.8 GW power portfolio; the notes are unsecured in the U.S. market.
Ticker impact
CleanSpark announced a $2.276 billion senior secured notes offering at 7.875% due 2031.
Short‑term downside risk as investors assess dilution and debt load.
The offering size is material for a mid‑cap issuer and is the first public disclosure of the transaction.
Market effects
May influence other data‑center and clean‑energy firms as debt markets tighten.
U.S. tech‑infrastructure sector sees added supply of high‑yield debt.
Limited to U.S. capital markets; no direct global effect.
Counterpoint
The proceeds could fund growth projects that outweigh the debt burden.
Key entities
- CompanyCleanSpark Inc.
Issuer of the senior secured notes.



