CleanSpark, Inc. Prices $2.276 Billion Senior Secured Notes Offering

CleanSpark, Inc., through its wholly owned indirect subsidiary CSDC Finance I, LLC, has priced an offering of $2.276 billion in aggregate principal amount of 7.875% senior secured notes due 2031. The notes were priced at 98.500% of their principal amount and are expected to close on September 25, 2026. The offering is being conducted as a private placement to qualified institutional buyers and non-U.S. persons. The net proceeds will be used to finance the build-out of the Sandersville Facility, reimburse the company for prior equity contributions related to the facility, and fund debt service reserves. The notes will be guaranteed by CSRE Properties Sandersville, LLC and secured by a first-priority lien on substantially all assets of the Issuer and CSRE Properties, as well as equity interests of the Issuer. CleanSpark will provide a completion guarantee for the Sandersville Facility.