Quick Read – CleanSpark signed a 20-year, $6.6B triple-net lease generating roughly $330M annually in net operating income, with revenue starting in late 2027. – While CLSK jumped 12%, peers MARA and RIOT barely moved, confirming this as a company-specific catalyst rather than a…
oad sector rally. – With 33% short interest and heavy financing needs, how CleanSpark funds Sandersville construction without diluting shares is the next critical test. – Shares of CleanSpark (NASDAQ:CLSK) are up 12% to $13.85 in Tuesday morning trading after the Bitcoin (CRYPTO:BTC) miner disclosed a long-duration data center lease that dwarfs its current market capitalization. The move is idiosyncratic, as CleanSpark’s peer miners are barely moving on the day. [chart symbol=”CLSK”] CleanSpark stock is now trading above its $12.22 prior close, though shares were down 25% over the past month heading into today’s news
The company is still primarily a Bitcoin miner, with 1.8 GW under contract and a 50 EH/s hashrate as of May, but management is aggressively pivoting toward data center infrastructure. Sandersville Lease Fuels the Rally CleanSpark signed a 20-year infrastructure lease with a confidential “high-investment-grade global technology company” at its Sandersville, Georgia campus. The deal covers 175 MW of critical IT load and is expected to generate roughly $6.6 billion in contracted revenue, with two five-year extension options that could lift the total to about $11.6 billion.
It’s structured as a triple-net lease expected to add approximately $330 million in average annual net operating income. CEO Matt Schultz called it “a transformational moment… our evolution into a diversified digital infrastructure platform.” The same tenant also signed a letter of intent covering CleanSpark’s entire 718-acre Texas portfolio, up to 885 MW. General Motors, POSCO, and 50,000+ everyday investors have already backed lithium producer EnergyX