CleanSpark, Inc. Announces $2.276B Senior Secured Notes Pricing

What Happened
CleanSpark, Inc. announced on September 18, 2026 that its wholly owned indirect subsidiary, CSDC Finance I, LLC, priced an offering of $2.276 billion aggregate principal amount of 7.875% senior secured notes due 2031. The notes were priced at 98.500% of principal and the offering is expected to close on September 25, 2026, subject to customary closing conditions.

Key Details

• Issuer: CSDC Finance I, LLC (wholly owned indirect subsidiary of CleanSpark).
• Size & terms: $2.276 billion aggregate principal; 7.875% interest; due 2031.
• Price & timing: Priced at 98.500% of principal on Sept 18, 2026; expected close Sept 25, 2026 (subject to customary conditions).
• Distribution: Notes to be sold to qualified institutional buyers under Rule 144A and to non‑U.S. persons under Regulation S.

Why It Matters
This debt offering will materially affect CleanSpark’s capital structure by adding a large, secured long‑term borrowing with a fixed interest rate. Investors should note the size ($2.276B), coupon (7.875%), and that the notes were issued at a discount (98.5%), all of which influence future interest expense and leverage. The offering’s completion remains subject to closing conditions, and the company’s filings caution that forward‑looking statements about completion and use of proceeds are uncertain.