CleanSpark shares surged up to 22% on Tuesday after the Bitcoin miner signed a 20-year, $6.6 billion Triple Net Lease for a 175-megawatt data center at its Sandersville, Georgia campus. The agreement with an undisclosed, investment-grade global technology company supports CleanSpark’s expansion into artificial intelligence and high-performance computing infrastructure. Total revenue could reach $11.6 billion if the tenant exercises both five-year extension options. Deliveries of capacity are scheduled to begin in Q4 2027. The stock traded around 10.6% higher during the U.S. session, significantly outperforming the CoinShares Bitcoin Miners ETF, which rose less than 1%.
CleanSpark shares climbed as much as 22% on Tuesday after the Bitcoin miner announced a 20-year lease for a Georgia data center. The agreement supports its move into artificial intelligence infrastructure and adds long-term contracted revenue beyond mining alone.
The company entered into a Triple Net Lease agreement with an undisclosed but investment-grade global technology company. The agreement covers a 175-megawatt data center at the company’s Sandersville campus, with estimated revenues of $6.6 billion over the first 20 years.
Total revenue could reach up to $11.6 billion if the tenant uses two five-year extension options. The customer will install its own computing equipment in Georgia, with phased deliveries of capacity beginning in Q4 2027.
CleanSpark shares hit an intraday peak of $15.10 before giving back some gains. The stock was higher by around 10.6% in the U.S. session.
This deal helps the company expand in AI and high-performance computing infrastructure. Several Bitcoin miners are seeking revenue streams from large sites with strong power connections.
The lease provides CleanSpark with a long-term buyer of available electricity and space. The expansion occurs despite challenging economic conditions after the 2024 Bitcoin halving, which reduced block rewards and tightened margins across the industry.
In March, CleanSpark posted a net loss of $378 million in the second fiscal quarter, with around 60% of that sum linked to Bitcoin’s price drop. The miner sold some of its BTC in February to support operations and expansion.
Reporting of fiscal third-quarter results is scheduled for August 6. Analysts forecast a loss of $0.25 per share, compared with income of $0.79 per share a year earlier.
