CleanSpark Signs $6.6B Data Center Lease in Georgia with Tech Giant
CleanSpark locked in a 20-year triple-net lease worth $6.6B in contracted revenue, with a top-rated global tech tenant at its Sandersville, Georgia facility.
CleanSpark announced Wednesday it has secured a 20-year triple-net lease with a high-investment-grade global technology company for its data center in Sandersville, Georgia, generating $6.6 billion in contracted revenue — a deal that could reach $11.6 billion if all extension options are exercised.
The agreement covers 175 megawatts of critical IT load, with deliveries to the unnamed tenant expected to begin in the fourth quarter of 2027. The triple-net structure means the tenant assumes responsibility for most operating costs, giving CleanSpark a predictable, long-term revenue stream with limited expense exposure.
Read more BlackRock's GIP to Acquire Majority Stake in Summit Ridge Energy →
Beyond Georgia, the tenant has also executed a letter of intent and an exclusivity arrangement covering CleanSpark's entire Texas portfolio, which spans 885 megawatts. That signals significant expansion potential and positions CleanSpark as a major player in the booming data center infrastructure market driven by surging artificial intelligence and cloud computing demand.
The scale of the deal underscores how Bitcoin miners are aggressively pivoting their power infrastructure toward high-value data center leasing, monetizing existing grid connections that took years and substantial capital to develop. CleanSpark's ability to attract an investment-grade counterparty for a two-decade commitment reflects growing institutional confidence in the company's infrastructure assets.
Continue reading at Cryptocurrency News
