We advised CleanSpark and CSDC Finance on the high-yield notes offering

Davis Polk advised CSDC Finance I, LLC, a wholly owned indirect subsidiary of CleanSpark, Inc., on its Rule 144A / Regulation S offering of $2.27 billion aggregate principal amount of 7.875% senior secured notes due 2031, issued on September 25, 2026. The notes were issued in connection with financing of the construction of the Sandersville Facility, a data center located in Sandersville, Georgia.

CleanSpark develops and operates large-scale data centers and digital infrastructure in the United States. CleanSpark’s operations include the acquisition and development of data center sites, procurement of power, construction and operation of computing infrastructure and bitcoin mining. The company is also developing data center capacity for high-performance computing and artificial intelligence workloads, leveraging its existing portfolio of power and infrastructure assets.

The Davis Polk capital markets team included partners Marcel Fausten and John H. Runne and associates Walker Halstad, Julian Armando Galaz Martinez and Robert Safonte. The infrastructure finance team included partner David J. Penna and associate Javier Arreola. The real estate team included partner Brian D. Hirsch and associate Edward Peck. The tax team included counsel Dustin Plotnick. Members of the Davis Polk team are based in the New York and Washington DC offices.

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