CleanSpark Secures $2.276 Billion in Senior Secured Notes for Bitcoin Mining Ambitions

CleanSpark, Inc., a Nasdaq-listed company, has secured $2.276 billion in aggregate principal amount of senior secured notes through its subsidiary CSDC Finance I, LLC. This massive debt deal will provide CleanSpark with the necessary capital to further expand its Bitcoin mining and data center ambitions.

The notes carry a 7.875% interest rate and mature in 2031, giving CleanSpark roughly five years before repayment obligations kick in. The company's strategy is centered around Bitcoin, energy, operational efficiency, and capital stewardship aimed at delivering superior returns to shareholders.

CleanSpark controls more than 1.8 GW of power, land, and data center assets across the United States, positioning itself as a market-leading data center developer. The company's infrastructure is optimized to take advantage of globally competitive energy prices, making it an attractive player in the Bitcoin mining and data center space.