Sandersville Facility construction and debt service reserves
Company: CleanSpark - Project: Sandersville
The claim, verbatim
Net proceeds from senior secured notes will be allocated to covering remaining expenses of constructing the Sandersville Facility, repaying the company for certain earlier equity contributions, and establishing debt service reserves
Source (primary)
CleanSpark Prices $2.276B 7.875% Senior Secured Notes Due 2031 - News and Statistics - IndexBox (-, news_article)
View cached copy (2026-09-21)Live source ↗
Quote: “the issuer intends to allocate net proceeds to three ends: covering the remaining expense of constructing the Sandersville Facility, repaying the company for certain earlier equity contributions connected to that facility, and establishing debt service reserves.”
How we checked this
Checked on September 25, 2026. The cited source supports every part of this claim.
The article lists exactly these three intended uses of the net proceeds. It notes that the reimbursed equity contributions relate to the Sandersville Facility.
Confirmed in the source:
- Net proceeds will go toward the remaining cost of constructing the Sandersville Facility
- Net proceeds will repay the company for certain earlier equity contributions
- Net proceeds will fund debt service reserves
What we did: Read our cached copy of the publisher (https://www.indexbox.io/blog/cleanspark-prices-2276-billion-7875-senior-secured-notes-due-2031/) in full (14,157 characters, retrieved September 21, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark Prices $2.276B 7.875% Senior Secured Notes Due 2031 - News and Statistics - IndexBox
Quote: “the issuer intends to allocate net proceeds to three ends: covering the remaining expense of constructing the Sandersville Facility, repaying the company for certain earlier equity contributions connected to that facility, and establishing debt service reserves.”