CleanSpark has taken a significant step away from its traditional bitcoin mining operations by signing a substantial 20-year infrastructure lease with a leading global technology firm at its Sandersville, Georgia campus. This deal, valued at $6.6 billion for the initial term, positions the company as a provider of hyperscale computing resources beyond cryptocurrency mining.
The leased facility will support up to 175 megawatts of critical IT load, establishing one of the largest high-performance computing hubs CleanSpark has ever developed. If the tenant exercises two extension options, total contracted revenue could rise to $11.6 billion. The company expects to generate average annual net operating income of $330 million from this arrangement once fully operational. Deliveries for the project are scheduled to begin in the fourth quarter of 2027.
As part of this strategy to diversify, CleanSpark is repurposing part of its electricity and mining infrastructure to serve artificial intelligence data centers and cloud workloads. The company also executed a letter of intent offering exclusivity to the same tenant over CleanSpark’s Texas portfolio, which includes up to 885 megawatts of secured and planned power capacity. This expansion could deepen CleanSpark’s role as an infrastructure landlord catering to AI and cloud computing sectors.
Meanwhile, CleanSpark’s core bitcoin mining business continues to perform strongly, setting new records. The firm recently produced 614 bitcoin within a brief period and increased its operational hashrate to 50 exahashes per second. Its treasury holdings grew to more than 13,900 bitcoin, among the largest reserves held by any public miner. Rather than selling mined coins, management is holding its bitcoin assets long-term, indicating confidence in the asset’s future value.
Financial analysts have reacted positively to CleanSpark’s pivot toward hyperscale computing. Citizens initiated coverage with an Outperform rating and a price target of $27, citing the company’s ability to monetize its power and real estate assets beyond the volatile cryptocurrency market. Chardan also upgraded its price target to $19 while maintaining a Buy rating. Both highlight the Georgia lease as evidence of stable, contract-based revenue streams stemming from creditworthy tenants, which could smooth income volatility tied to bitcoin prices and mining difficulty.
Investor response has been mixed but generally favorable. Shares jumped more than 20% in pre-market trading following the announcement, settling to roughly a 9% gain by day’s end. These reactions reflect cautious optimism as the market awaits CleanSpark’s execution of bringing 175 megawatts online by the end of 2027 and the progression of the Texas deal from letter of intent to binding contracts.