CleanSpark just locked in a deal that makes its Bitcoin mining origins look like a warm-up act. The Nasdaq-listed company announced a 20-year triple-net lease for its data center campus in Sandersville, Georgia, with a single unnamed tenant, an arrangement expected to generate roughly $6.6B in contracted revenue over its initial term.
If the tenant exercises two optional five-year extensions, that number balloons to approximately $11.6B.
What the deal actually looks like
The lease covers 175 megawatts of critical IT load at the Sandersville campus, a site CleanSpark has operated since 2022 when it acquired the facility as a Bitcoin mining operation. Power delivery is expected to begin in the fourth quarter of 2027.
The tenant is described only as a “high-investment-grade global technology firm.” The triple-net lease structure means the tenant covers taxes, insurance, and maintenance on top of rent.
