CleanSpark Lands $6.6B Data Center Lease with Tech Giant, Texas Portfolio Under Exclusivity
CLSK sits 81% above its 52-week low of $8.
Summary
CleanSpark signed a 20-year triple-net lease with a high-investment-grade global technology company for its Sandersville, Georgia data center campus, generating $6.6 billion in contracted revenue over the initial term, or up to $11.6 billion if two five-year extensions are exercised. The deal covers 175 MW of critical IT load with deliveries starting Q4 2027, and the tenant has also executed a letter of intent and exclusivity arrangement for CleanSpark's entire 885 MW Texas portfolio. This transforms CleanSpark from a Bitcoin miner into a diversified digital infrastructure platform, monetizing its power assets at institutional scale. The lease provides nearly 100% NOI margin, averaging $330 million annually, against estimated landlord costs of $10–12 million per MW. The announcement follows a period of heavy short interest and recent Bitcoin accumulation, marking a strategic pivot that could significantly re-rate the stock. A conference call is scheduled for today at 11 a.m. ET to discuss details.
At the time of this announcement, CLSK was trading at $14.47 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $8.00 to $23.61. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: PR Newswire.