Use of note proceeds for Sandersville construction
Company: CleanSpark - Project: Sandersville
The claim, verbatim
Proceeds of the notes are intended to fund remaining construction costs at the Sandersville facility, reimburse certain prior equity contributions and establish debt-service reserves.
Source (primary)
CleanSpark’s Bitcoin Holdings Fell 173 BTC in September - TOKENPOST (-, news_article)
View cached copy (2026-10-11)Live source ↗Archive.org ↗
Quote: “Proceeds are intended to fund remaining construction costs at the Sandersville facility, reimburse certain prior equity contributions and establish debt-service reserves.”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The article lists all three intended uses of the note proceeds.
Confirmed in the source:
- Note proceeds are intended to fund remaining construction costs at the Sandersville facility
- Note proceeds are intended to reimburse certain prior equity contributions
- Note proceeds are intended to establish debt-service reserves
What we did: Read our cached copy of the publisher (https://www.tokenpost.com/news/business/29558) in full (3,412 characters, retrieved October 11, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark’s Bitcoin Holdings Fell 173 BTC in September - TOKENPOST
Quote: “Proceeds are intended to fund remaining construction costs at the Sandersville facility, reimburse certain prior equity contributions and establish debt-service reserves.”