CleanSpark shares jump 22% after $6.6B Georgia data center lease
CleanSpark shares jumped as much as 22% after the company announced a 20-year lease for a 175-megawatt data center at its Sandersville, Georgia campus with an undisclosed global technology company. CleanSpark expects about $6.6 billion in contracted revenue over the initial term, rising to $11.6 billion if two five-year extensions are used. The tenant will deploy computing infrastructure starting in phased deliveries from Q4 2027. The deal highlights CleanSpark’s shift beyond Bitcoin mining into AI and high-performance computing infrastructure, as mining economics worsen after the 2024 halving. CleanSpark has faced losses and sold some Bitcoin to fund operations, but unlike many peers it remains a net accumulator of BTC. Shares outperformed the broader Bitcoin miners sector, and the company is set to report fiscal Q3 results on Aug. 6.
