Use of notes proceeds for Sandersville construction
Company: CleanSpark - Project: Sandersville
The claim, verbatim
CleanSpark intends to use the net proceeds to fund the remaining construction costs of its Sandersville, Georgia data center, reimburse certain prior equity contributions to the facility, and establish debt service reserves.
Source (primary)
CleanSpark Closes $2.276 Billion Senior Secured Notes Offering To Fund Sandersville Data Center Development - Pulse 2.0 (-, news_article)
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Quote: “CleanSpark intends to use the net proceeds to finance the remaining construction costs associated with its Sandersville data center, reimburse certain prior equity contributions related to the facility, and establish debt service reserves.”
How we checked this
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Additional evidence
confirms CleanSpark Closes $2.276 Billion Senior Secured Notes Offering To Fund Sandersville Data Center Development - Pulse 2.0
Quote: “CleanSpark intends to use the net proceeds to finance the remaining construction costs associated with its Sandersville data center, reimburse certain prior equity contributions related to the facility, and establish debt service reserves.”