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CleanSpark locks in $6.6B 20-year lease for 175MW AI data center work
The Nasdaq-listed miner expects $6.6 billion in initial contracted revenue, rising to $11.6 billion if extension options are exercised.
CleanSpark, the Nasdaq-listed bitcoin miner, said July 14 it has signed a 20-year infrastructure lease for a data center campus in Sandersville, Georgia, marking a push beyond pure mining toward high-performance computing for hyperscale clients, according to Bitcoin Magazine.
The lease covers data center infrastructure to support 175 megawatts of critical IT load. CleanSpark expects the initial term to generate $6.6 billion in contracted revenue, with revenue projected to increase to $11.6 billion if both extension options are exercised.
The agreement includes an expected average annual net operating income of $330 million. First deliveries are due in the fourth quarter of 2027, and the company said the parties also signed a letter of intent and exclusivity covering CleanSpark’s entire Texas portfolio, with power capacity up to 885 megawatts.
Bitcoin Magazine added that the transition is tied to CleanSpark’s recent plan to repurpose some electricity capacity and mining infrastructure to power AI data centers. The company also said its core mining business posted records, producing 614 bitcoin in early July and lifting its operational hashrate to 50 exahashes per second, while treasury holdings rose to 13,924 bitcoin.
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