CLSK
CleanSpark’s new side quest just got very real
CleanSpark signed a 20-year triple-net lease with a high-investment-grade global technology company for its Sandersville, Georgia campus. The deal covers 175 MW of critical IT load and is expected to start delivering in Q4 2027.
Why investors should care
This isn’t your typical “we signed a customer” press release. CleanSpark says the lease could generate about $6.6 billion in contracted revenue over the initial term, and as much as $11.6 billion if both five-year extension options get exercised. That’s the kind of number that makes a formerly crypto-first story start looking a lot more like an infrastructure platform.
The Texas portfolio plot twist
The company also said the tenant signed a letter of intent and exclusivity arrangement covering CleanSpark’s entire 885 MW Texas portfolio. Translation: this could be the opening scene, not the whole movie.
Big picture
If CleanSpark can keep turning power-rich sites into long-duration data center leases, it’s giving investors something calmer than the wild bitcoin-mining roller coaster: contracted cash flow. And in this market, “boring but bankable” can be a very attractive upgrade.