CleanSpark presents fully funded Sandersville project in investor presentation
CLSK•CleanSpark said it fully funded its Sandersville project through $2.28 billion in senior secured notes carrying 7.88% interest and maturing in 2031. Proceeds will cover construction, equity reimbursement and interest payments, while the construction timeline remains intact.
1. Project financing
CleanSpark said it issued $2.28 billion in senior secured notes to fully fund its Sandersville project. The notes carry a 7.88% interest rate and mature in 2031; proceeds cover the project buildout, equity reimbursement and interest payments. The company said the construction timeline remains intact and its development platform exceeds 2 GW.
