Use of proceeds from notes offering
Company: CleanSpark - Project: Sandersville
The claim, verbatim
Net proceeds will finance the remaining Sandersville Facility build-out, reimburse prior equity contributions, and fund debt service reserves
Source (primary)
CleanSpark, Inc. Announces Pricing of $2.276 Billion of Senior Secured Notes - The Conway Daily Sun (-, news_article)
View cached copy (2026-09-21)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"), (B) to reimburse the Company for certain prior equity contributions made in respect of the Sandersville Facility, and (C) to fund debt service reserves”
How we checked this
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Additional evidence
confirms CleanSpark, Inc. Announces Pricing of $2.276 Billion of Senior Secured Notes - The Conway Daily Sun
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"), (B) to reimburse the Company for certain prior equity contributions made in respect of the Sandersville Facility, and (C) to fund debt service reserves”