CleanSpark raises $2.2B to fund AI data center as Meta becomes tenant
CleanSpark announced that Meta Platforms, through its subsidiary Anviran LLC, has signed a 20‑year lease for the company’s 175‑megawatt AI campus in Sandersville, Georgia. The lease guarantees rent and operating expenses, and is projected to deliver about $6.6 billion in contracted payments with 3 % annual increases, supporting an estimated $330 million of average annual net operating income.
Key points
- Meta, via Anviran LLC, signed a 20‑year lease for CleanSpark’s 175‑MW Sandersville AI campus, guaranteeing $6.6 B in payments.
- CleanSpark plans to raise $2.227 B in senior secured notes due 2031 to finish construction and fund debt‑service reserves.
- The lease is expected to generate roughly $330 M average annual net operating income for CleanSpark.
To finance the remaining construction, repay equity contributions, and build debt‑service reserves, CleanSpark’s subsidiary CSDC Finance I will issue $2.227 billion of senior secured notes due 2031. The company is using the proceeds to complete the flagship AI data‑center project, part of its broader shift from Bitcoin mining toward AI and high‑performance computing infrastructure. CleanSpark currently controls more than 1.8 GW of capacity across the United States and its shares have risen about 11 % year‑to‑date.
CleanSpark Discloses Meta As Georgia AI Data Center Tenant — CLSK Unit Plans Over $2.2B Raise To Fund Buildout
finance.yahoo.com · 17 September 2026CleanSpark Discloses Meta As Georgia AI Data Center Tenant — CLSK Unit Plans Over $2.2B Raise To Fund Buildout
- The 20-year lease is expected to generate about $6.6 billion in contracted payments for CleanSpark.
- CleanSpark expects average annual net operating income of roughly $330 million.
- The proceeds will also be used to repay CleanSpark for equity contributions in the project and fund debt-service reserves.
CleanSpark (CLSK) was in the spotlight on Thursday after the company said that it is looking to raise more than $2.2 billion to complete its flagship AI data center project as the Bitcoin miner continues its push into large-scale digital infrastructure.
CleanSpark announced that its subsidiary, CSDC Finance I, plans to offer $2.227 billion of senior secured notes due 2031. The proceeds are expected to primarily fund the remaining construction of its data center facility at Sandersville, Georgia, reimburse CleanSpark for equity contributions in the project, and fund debt-service reserves.
CLSK shares gave up most of their pre-market gains and were trading 1% higher at the time of writing.
CleanSpark Discloses Meta As Data Center Tenant
CleanSpark's investor presentation on Thursday showed that the 175-megawatt Sandersville AI campus is leased to Anviran LLC, a wholly owned subsidiary of Meta Platforms (META). Meta will guarantee rent and operating expenses.
The 20-year lease is expected to generate about $6.6 billion in contracted payments, with 3% annual rent increases. CleanSpark expects average annual net operating income of roughly $330 million.
The company first announced the data center lease agreement in July but did not specify the tenant at the time.
Last month, CleanSpark said it had ordered and prepaid for all long-lead equipment needed to meet the Sandersville project timeline and had fully funded its anticipated equity contribution to the development.
Sandersville is part of the company's broader transition beyond Bitcoin mining into AI and high-performance computing infrastructure. The company currently controls more than 1.8 GW of capacity across the U.S.
Retail's Take On CLSK
Retail sentiment surrounding CLSK on Stocktwits turned 'neutral' from 'bearish' over the past 24 hours.
One user opined that CLSK has been lagging its peers, and it's going to catch up.
CLSK shares have climbed more than 11% so far in 2026.
This text was published by finance.yahoo.com and written by Arnab Paul. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
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