CleanSpark raises $2.23B in bonds for Meta data center
- —Issue size — $2.23 billion, maturity — 2031, private placement
- —The 175 MW Sandersville data center is leased to a Meta entity for 20 years
- —Initial lease revenue — $6.6 billion, deliveries start — Q4 2027
- —CleanSpark's long-term debt as of June 30 — $1.8 billion, cash — $202.6 million
Why it matters: The miner is shifting its business into AI infrastructure: the success of the placement will show whether the market is ready to finance such projects with debt.
Source: TokenPost