CleanSpark raises $2.2 B via junk bonds to fund Meta‑linked AI data center
CleanSpark, a company known for Bitcoin mining, announced a $2.227 billion senior secured junk‑bond offering due 2031 to finance a 175 MW AI data‑center campus in Sandersville, Georgia. The financing is structured through its subsidiary CSDC Finance I LLC and is underpinned by a 20‑year triple‑net lease with Anviran LLC, a Meta Platforms subsidiary. The lease promises roughly $6.6 billion in…
Key points
- CleanSpark is issuing $2.227 billion senior secured junk bonds due 2031.
- The bonds are backed by a 20‑year triple‑net lease with Meta’s subsidiary Anviran, promising $6.6 billion in payments.
- The 175 MW Georgia campus aims to generate about $330 million net operating income annually, with rent starting Nov 2027.
The bond issue carries an initial yield of about 8.5%, roughly two points above the average for BB‑rated debt, reflecting CleanSpark’s non‑investment‑grade rating. The arrangement gives bondholders a predictable cash‑flow stream backed by Meta, a rarity for data‑center projects that typically rely on investment‑grade financing from operators like Equinix or Digital Realty. CleanSpark’s stock rose after the 8‑K filing, as the market priced in the revenue certainty provided by the Meta tenant.
CleanSpark seeks $2.2B through junk-bond offering for Meta-linked AI data center
cryptobriefing.com · 17 September 2026
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