Part 08What lenders actually own
CleanSpark sold $2.3 billion of five-year notes at 8.25% to fund a data center for Meta, about 175 basis points above the average BB issuer.
AI Lenders Are Financing the End of ScarcityCompany · CLSK
CleanSpark is named in 2 Parts of The Buildout, most recently Part 8: AI Lenders Are Financing the End of Scarcity.
Market snapshot
Financial Modeling Prep, as of Oct 21, 2026, 4:00 p.m. ET. Delayed quotes.
Analysis and opinion, not investment advice.
By the numbers
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Where the argument touches it
Paraphrased and attributed, with the date and a link where one exists. DeepStack keeps no score of who was right; the dated tests do that work in the open.
Part 17 · The weak link pays firstSep 20, 2026
AI-related borrowers are paying materially more for financing across multiple instrument types: CleanSpark paid about 175bps more than the average BB issuer versus similar IG-tenant financings that cleared below 6% earlier this year…
In The Buildout
One line per story, from the story itself.
Part 08What lenders actually own
CleanSpark sold $2.3 billion of five-year notes at 8.25% to fund a data center for Meta, about 175 basis points above the average BB issuer.
AI Lenders Are Financing the End of ScarcityPart 07AI meets the rate
Two days after the Fed moved, CleanSpark, a bitcoin miner building a data center for Meta, sold $2.3 billion of five-year notes at 8.25% and drew about $10 billion in orders.
The Fed Hiked. The Long End Still Climbed.Follow
Analysis and opinion, not investment advice. Figures are as of the dates cited in each story.