Clean Spark signs US$6.6 billion data center lease, stock price surges
Bitcoin mining company CleanSpark announced on Tuesday that it has signed a 20-year infrastructure lease agreement with an unnamed global technology company for its data center campus in Sandersville, Georgia. The triple net lease agreement is expected to generate approximately $6.6 billion in contract revenue during the initial term and includes two five-year renewal options, which if fully exercised, would bring the total contract value to $11.6 billion. The lease covers 175 MW of critical IT load, with delivery expected to begin in the fourth quarter of 2027. CleanSpark CEO Matt Schultz said the lease is a transformational moment for the company, marking its evolution into a diversified digital infrastructure platform and the beginning of monetizing its power portfolio at an institutional scale. The company expects the agreement to generate average annual net operating income of approximately $330 million, with profit margins approaching 100%. In addition to the Georgia agreement, the tenant has signed letters of intent and exclusive arrangements for CleanSpark's entire Texas portfolio, covering 718 acres and up to 885 megawatts of power capacity. Boosted by this news, CleanSpark's stock price rose by about 15% before the market opened on Tuesday. This lease is CleanSpark’s clearest monetization move since it began laying out artificial intelligence infrastructure in October 2025. The company previously hired former Humain executives to oversee data center expansion, and the following month repositioned itself as a computing platform that could serve both Bitcoin mining and AI workloads. Wall Street has reacted positively to this, and Citizens has given it an "outperform" rating and a $27 price target.