Cerebras Inks $800M AI Colocation Deal with CleanCore for Minnesota Data Center
CBRS sits 19% above its 52-week low of $160.81.
Summary
Cerebras Systems has signed a 10-year colocation services agreement with CleanCore Solutions for a Minnesota data center campus, securing critical AI infrastructure capacity. The initial contract value is approximately $800 million, with renewal options pushing the total potential value above $3 billion. The campus will provide 55 MW of utility power and 40 MW of critical IT load, with 20 MW already energized, reducing development risk. Revenue is expected to begin in Q1 2027. This deal follows Cerebras's recent multi-year partnership with OpenAI and AWS, reinforcing its aggressive infrastructure buildout to meet surging AI compute demand. The agreement locks in long-term capacity, supporting Cerebras's growth trajectory and backlog execution.
Updates
· Dow Jones Newswires — Cerebras shares fell 9.1% midday following the announcement. CleanCore will own about 80% of the project and develop it with a partner.
At the time of this announcement, CBRS was trading at $191.83 on NASDAQ in the Technology sector, with a market capitalization of approximately $53.4B. The 52-week trading range was $160.81 to $386.34. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.