CleanSpark seeks $2.23 billion in bonds for Meta-linked AI data center

The Bitcoin miner is funding a Georgia facility leased to Meta’s subsidiary under a 20-year, $6.6 billion contract.

CleanSpark is seeking to borrow roughly $2.23 billion through its first junk-bond offering to finance an artificial intelligence data center in Sandersville, Georgia.

The five-year notes were initially discussed at a yield of about 8.5%, roughly two percentage points above the average for debt issued by BB-rated companies. Investors had placed orders equal to roughly the size of the offering when the deal launched, according to people familiar with the matter.

The facility is fully leased to Anviran LLC, a Meta subsidiary, under a 20-year contract valued at $6.6 billion. It is expected to begin operating in the fourth quarter of 2027, with Meta guaranteeing rent and operating expenses.

Morgan Stanley is leading the offering, with Goldman Sachs and Wells Fargo also participating as underwriters. CleanSpark is among several public Bitcoin miners expanding into data-center operations for AI applications.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

CleanSpark is seeking to borrow roughly $2.23 billion through its first junk-bond offering to finance an artificial intelligence data center in Sandersville, Georgia.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.