CleanSpark Inc. is seeking to raise approximately $2.23 billion through an initial junk bond offering to build artificial intelligence infrastructure linked to Meta Platforms Inc. According to people familiar with the matter, the initial pricing discussion yield for this batch of five-year notes is about 8.5%, which is about 2 percentage points higher than the average yield of BB Rating company bonds tracked by Bloomberg because investors require higher risk premiums for data center financing. When the deal began on Thursday, the size of investors' orders was already comparable to the size of the offering. According to compiled data, this was the first junk bond issue linked to Meta data center.

CleanSpark Inc. is seeking to raise approximately $2.23 billion through an initial junk bond offering to build artificial intelligence infrastructure linked to Meta Platforms Inc. According to people familiar with the matter, the initial pricing discussion yield for this batch of five-year notes is about 8.5%, which is about 2 percentage points higher than the average yield of BB Rating company bonds tracked by Bloomberg because investors require higher risk premiums for data center financing. When the deal began on Thursday, the size of investors' orders was already comparable to the size of the offering. According to compiled data, this was the first junk bond issue linked to Meta data center.