Sandersville Facility Build-Out Financing
Company: CleanSpark - Project: Sandersville
The claim, verbatim
Net proceeds from the senior secured notes will finance the remaining cost of the build-out of the Sandersville Facility
Source (primary)
cleanspark 8-K exhibit (clsk-ex99_1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-19)Live source ↗
Quote: “The Issuer intends to use the net proceeds from the offering (a) to finance the remaining cost of the build out of the data center (the "Sandersville Facility")”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The press release says the Issuer intends to use net proceeds to finance the remaining Sandersville Facility build-out cost. It also lists two other uses: reimbursing prior equity contributions and funding debt service reserves.
Confirmed in the source:
- Net proceeds from the senior secured notes are intended to finance the remaining cost of the build-out of the Sandersville Facility data center
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/827876/000119312526395727/clsk-ex99_1.htm) in full (7,497 characters, retrieved September 19, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cleanspark 8-K exhibit (clsk-ex99_1.htm)
Quote: “The Issuer intends to use the net proceeds from the offering (a) to finance the remaining cost of the build out of the data center (the "Sandersville Facility")”