CleanSpark Closes $2.276 Billion Senior Secured Notes Offering

By Hao Liu • Saturday, September 26 16:04 • Permanent Link

CleanSpark closed a $2.276 billion offering of 7.875% senior secured notes due 2031 through its subsidiary, CSDC Finance I, LLC.

The company said the notes carry a principal amount of $2.276 billion and mature in 2031. The financing adds to CleanSpark’s capital structure at a time when it says it controls more than 1.8 gigawatts of power, land and data centers across the U.S.

The release did not disclose a prior debt balance, so the change from the previous period cannot be measured from the filing alone. The market has reacted to these announcements by moving the company's shares -1.38% to a price of $14.26. If you want to know more, read the company's complete 8-K report here.

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