CleanSpark plans $2.2B bond offering to fund data center build and reimburse equity.

CleanSpark's subsidiary, CSDC Finance I, LLC, intends to privately offer $2.227 billion in senior secured notes due 2031 to qualified institutional buyers and non-U.S. persons. The proceeds will finance the completion of the Sandersville data center, reimburse prior equity contributions, and fund debt service reserves. The notes will be secured by assets and equity interests of the issuer and guaranteed by a subsidiary. The offering depends on market conditions and aims to support CleanSpark's data center expansion and capital structure.

CleanSpark's stock trades at USD 13.24 on Pluang as of Sep 17, 2026 18:41 WIB, which is closer to its 52-week low of USD 8.18 than its high of USD 23.20. Despite the proposed $2.227 billion notes offering, the stock shows positive momentum with a 1-day gain of 3.52%. Buyers dominate Pluang order activity at 79%, reflecting investor interest amid the company's expansion plans.