Intended use of debt proceeds
Company: CleanSpark
The claim, verbatim
Net proceeds will be used to finance remaining cost of Georgia data center, reimburse prior equity contributions, and fund debt service reserves
Source (primary)
CleanSpark Closes $2.276B Senior Secured Notes for Georgia Data Center - Unite.AI (-, news_article)
View cached copy (2026-09-26)Live source ↗Archive.org ↗
Quote: “The issuer intends to use the net proceeds to finance the remaining cost of a data center in Sandersville, Georgia, reimburse CleanSpark for certain prior equity contributions made in respect of the facility, and fund debt service reserves.”
How we checked this
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Additional evidence
confirms CleanSpark Closes $2.276B Senior Secured Notes for Georgia Data Center - Unite.AI
Quote: “The issuer intends to use the net proceeds to finance the remaining cost of a data center in Sandersville, Georgia, reimburse CleanSpark for certain prior equity contributions made in respect of the facility, and fund debt service reserves.”