CleanSpark shares jump 22% after signing $6.6B long-term data center lease

CleanSpark, a Bitcoin mining company, rallied 22% on Tuesday after it entered into a 20-year triple-net lease with an investment-grade technology company, Cointelegraph reported. The deal supports a 175-megawatt data center at CleanSpark's Sandersville, Georgia campus, where the tenant plans to deploy AI and high-performance computing infrastructure. CleanSpark expects about $6.6 billion in contract revenue over the initial term, increasing to $11.6 billion if the tenant exercises two five-year extension options. The tenant is slated to begin phasing in the computing buildout in the fourth quarter of 2027.

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