CleanSpark finalizes $2.276B secured debt sale for Bitcoin infrastructure
CleanSpark's subsidiary CSDC Finance I closed a $2.276 billion senior secured notes offering with a 7.875% interest rate maturing in 2031. The notes were not registered under the Securities Act and face restrictions on U.S. sales. CleanSpark says it controls more than 1.8 GW of power, land, and data center assets.
CleanSpark’s financing arm, CSDC Finance I, completed a $2.276 billion senior secured note sale. The debt pays 7.875% and comes due in 2031, giving the Nasdaq-listed Bitcoin miner a long-term capital source for energy and data-center expansion.
Because the notes were not registered under the Securities Act of 1933, they cannot be sold in the U.S. without registration or an exemption. CleanSpark says it controls over 1.8 GW of power, land, and data-center assets, and points investors to SEC filings for risk details.
The debt raise may accelerate CleanSpark’s data-center and Bitcoin mining buildout, potentially increasing electricity demand in regions hosting its 1.8 GW portfolio. That could affect local ratepayers, grid operators, and communities through power prices, land use, and job creation, while giving investors exposure to a leveraged Bitcoin infrastructure bet. Outcomes depend on execution, energy markets, and regulatory conditions.