Project debt loan-to-cost target
Company: CleanSpark - Project: Sandersville
The claim, verbatim
CleanSpark plans to finance the majority of the buildout via project-based debt, targeting loan-to-cost ratios exceeding 90%.
Source (primary)
CleanSpark Q3FY26 Results: Net loss narrows to $240M; secures $6.6B lease - scanx.trade (-, news_article)
View cached copy (2026-10-12)Live source ↗Archive.org ↗
Quote: “The company plans to finance the majority of this via project-based debt, targeting loan-to-cost ratios exceeding 90%”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The article says the company plans to finance most of the capex with project-based debt at loan-to-cost ratios above 90%.
Confirmed in the source:
- CleanSpark plans to finance the majority of the buildout via project-based debt
- CleanSpark is targeting loan-to-cost ratios exceeding 90%
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/companies/cleanspark-q3fy26-results-net-loss-narrows-240m-secures-6-6b-lease/53345798) in full (20,040 characters, retrieved October 12, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark Q3FY26 Results: Net loss narrows to $240M; secures $6.6B lease - scanx.trade
Quote: “The company plans to finance the majority of this via project-based debt, targeting loan-to-cost ratios exceeding 90%”