CleanSpark Secures Massive AI Data Center Lease Worth $6.6B

CleanSpark has signed a 20-year lease with an unnamed global technology company for its AI and high-performance computing (HPC) campus in Sandersville, Georgia. The agreement is worth approximately $6.6 billion USD, with renewal options that could raise the total contract value to about $11.6 billion USD over 30 years.

The tenant will lease 175 megawatts of critical IT load at the site, which CleanSpark expects to deliver in phases from Q4 2027 to Q1 2028. The company has indicated it will finance much of the build-out through project debt rather than equity dilution, and may use its bitcoin treasury as collateral support.

The deal marks a significant shift for CleanSpark, which has historically been viewed primarily as a bitcoin miner. With this agreement, the company is positioning itself as a landlord for AI infrastructure revenue, rather than solely relying on bitcoin mining income.