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CleanSpark stock jumps on $6.6B Georgia data center lease

The 20-year triple-net lease covers a 175-megawatt data center, with phased computing deliveries expected to start in Q4 2027.

Reported · Written up by our desk · Market Structure

CleanSpark shares surged as much as 22% after the Bitcoin miner announced a 20-year triple-net data center lease in Sandersville, Georgia. According to Cointelegraph, the agreement is with an undisclosed investment-grade global technology company and is tied to CleanSpark’s expansion beyond core Bitcoin mining.

Cointelegraph said the company estimates contracted revenue of about $6.6 billion over the initial lease term, rising to $11.6 billion if the tenant exercises two five-year extension options. The tenant will install computing infrastructure on site, with phased deliveries expected to begin in the fourth quarter of 2027.

The news highlights CleanSpark’s effort to diversify into digital infrastructure used for AI and high-performance computing, as miners seek additional revenue streams. Cointelegraph noted that CleanSpark remains one of the largest publicly traded Bitcoin holders despite the shift.

Cointelegraph added that the expansion arrives amid pressure on mining economics after the 2024 halving, including weaker revenues and tighter profit margins. In March, CleanSpark reported a fiscal second-quarter net loss of $378 million, with nearly 60% linked to a decline in Bitcoin’s price, and it previously sold part of its BTC holdings in February to support operations and growth initiatives.

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