CleanSpark's $2.28 billion bond sale was oversubscribed fourfold, bolstered by a 20-year lease guarantee from Meta that secures long-term revenue for the firm's AI-focused data center project.
CleanSpark's debut high-yield bond was oversubscribed more than four times with a Meta-backed lease guarantee, materially improving its funding outlook.
Meta's subsidiary Anviran fully leased the CleanSpark data center for 20 years with a Meta rent guarantee, securing AI infrastructure capacity while adding significant long-term commitments.
CleanSpark Inc. successfully priced a $2.28 billion high-yield bond offering, drawing over $10 billion in investor demand. The debt issuance, which yields 8.25%, will fund a Georgia-based data center fully leased to a Meta Platforms subsidiary for 20 years. This financing highlights the growing appetite for AI infrastructure debt despite rising capital costs.
Meta's subsidiary, Anviran LLC, has signed a 20-year lease for the data center being built by CleanSpark, providing a rent and operating expense guarantee that makes the project's revenue stream predictable for bondholders.
The proceeds from the $2.28 billion bond sale will be used to finance the construction of a new data center in Sandersville, Georgia, which is slated to begin operations in the fourth quarter of 2027.