CLEANSPARK, INC. — Form 8-K
Filed September 25, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
CleanSpark (via subsidiary CSDC Finance I, LLC) issued $2,276,000,000 aggregate principal amount of 7.875% Senior Secured Notes due October 1, 2031, dated September 25, 2026. Notes are secured by collateral including datacenter facility assets in Sandersville, Georgia, with U.S. Bank Trust Company as trustee and collateral agent. Proceeds finance construction of Meta Platforms' datacenter facility (Sandersville Facility) under long-term lease guarantee.
Why this rating
Large absolute debt issuance ($2.276B) but company has ~$1.967B market cap—debt-to-cap ratio ~115%. Financing is project-specific with Meta guarantee; routine capital structure event for this asset class. No fundamental business change, material loss, or going-concern issue.
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