Key highlights:
- CleanSpark has landed a $6.6 billion lease with a global tech company
- CLSK shares climbed after the firm announced the landmark deal that could be worth up to $11.6 billion if extension options are exercised
- The agreement also gives the mystery tech tenant exclusivity over CleanSpark’s 885 MW Texas portfolio
CleanSpark (CLSK) has signed a 20-year infrastructure lease with an undisclosed technology company, accelerating its transition from Bitcoin mining to digital infrastructure. Investors welcomed the announcement, sending CLSK shares higher in early trading on Tuesday as other Bitcoin miners traded sideways.
CleanSpark pivots beyond Bitcoin mining in new $6.6B data center deal
The agreement covers 175 megawatts (MW) of critical IT load at CleanSpark’s campus in Sandersville, Georgia, with deliveries scheduled for the last quarter of 2027. If the tenant exercises two five-year extension options, the total contract value will climb to $11.6 billion.
While CleanSpark did not disclose the tenant’s identity, it described the firm as a leading company with a “high investment-grade credit profile.” Under the triple-net (NNN) lease, the technology company will deploy production-grade infrastructure at the Sandersville campus to support a range of computing workloads.
Beyond the Georgia project, the tenant has signed a letter of intent and exclusivity agreement covering CleanSpark’s entire Texas portfolio. The portfolio includes CleanSpark’s Sealy and Brazoria campuses, representing 718 acres and 885 MW of power capacity.
“This lease is a transformational moment for CleanSpark as we complete our evolution into a diversified infrastructure platform and begin monetizing our power portfolio at institutional scale,” said CleanSpark CEO Matt Schultz.
Morgan Stanley advised CleanSpark on the transaction, while Davis Polk & Wardwell served as legal counsel. Hours after the announcement, CleanSpark stock surged by nearly 10% to reach $13.50 with rising trading volumes pointing to an even higher price by the end of the trading day.
Bitcoin miners turn their gaze to AI infrastructure
As of mid-2026, CleanSpark holds nearly 14,000 self-mined Bitcoins on its balance sheet. The firm generates around 600 BTC monthly and maintains a total operational hashrate of 50 EH/s, per its latest disclosures.
However, CleanSpark sells a portion of its monthly mined Bitcoin to fund operations and expansion. Furthermore, it relies on digital asset management desks to generate yield from BTC reserves.
Back in 2025, CleanSpark signaled its intent to offer AI infrastructure services to technology companies, positioning to raise $1.15 billion through convertible notes.
CleanSpark’s move puts it in the same class as Bitcoin miners, leveraging its infrastructure to serve the booming artificial intelligence (AI) and cloud computing sectors. Core Scientific, Hut 8, and Cipher Mining have signed multi-billion-dollar deals with public Bitcoin miners to provide energy infrastructure.
Source:: CLSK Stock Spikes +12% After CleanSpark Inks $6.6B Data Center Lease