Cleanspark Secures $6.6B Lease Deal, Shifts Focus from Bitcoin Mining

Cleanspark has signed a massive 20-year lease agreement for its Sandersville, Georgia campus, generating $6.6 billion in contracted revenue over two decades. The tenant, a leading global technology company with an investment-grade profile, will deploy production-grade infrastructure at the site for computing workloads.

The lease covers 175 MW of critical IT load and includes options for two five-year extensions, potentially increasing the total contract value to $11.6 billion. Estimated landlord project costs range from $10 million to $12 million per megawatt of critical IT load.

Cleanspark's Chairman and CEO Matt Schultz called the lease a 'tremendous validation' of the company's land-and-power strategy, noting that it will deliver an average annual net operating income contribution of about $330 million. The Sandersville campus was chosen for its reliable power, available capacity, and ability to support phased deployment of high-density compute infrastructure.

The agreement also includes exclusivity over Cleanspark's 885 MW Texas portfolio, which spans 718 acres and includes up to 300 MW of secured and planned power capacity. This move follows a similar trend among bitcoin miners converting power-heavy sites into AI and high-performance computing infrastructure.