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FinanceCleanSpark Secures $6.6 Billion Data Centre Lease; Shares Surge 15% Premarket
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CleanSpark Inc. (NASDAQ:CLSK) announced a long-term infrastructure lease valued at approximately $6.6 billion, sending its shares about 15% higher in premarket trading. The 20-year triple-net lease at its Sandersville, Georgia campus includes two optional five-year extensions that could raise the total value to $11.6 billion. The tenant, an unnamed global technology company, will install production-grade infrastructure for high-performance computing workloads. CleanSpark also revealed a letter of intent and exclusivity arrangement covering its entire Texas portfolio, which includes 718 acres with up to 885 megawatts of secured and planned power capacity. The company expects the project to generate approximately $330 million in average annual net operating income, with landlord capital costs estimated between $10 million and $12 million per megawatt of critical IT capacity. Morgan Stanley & Co. LLC acted as financial adviser, and Davis Polk & Wardwell LLP served as legal counsel.
Source report
Fiona Craig Tue, July 14, 2026 at 3:50 AM PDT 2 min read
CleanSpark Inc. (NASDAQ: CLSK) announced a long-term infrastructure lease worth an estimated $6.6 billion, sending its shares approximately 15% higher in premarket trading on Tuesday as investors welcomed the company's expansion into digital infrastructure.
The agreement covers a 20-year lease at CleanSpark's Sandersville, Georgia campus with an unnamed global technology company. The contract also includes two optional five-year extensions, which could increase the total value of the agreement to approximately $11.6 billion.
Landmark Deal Expands Digital Infrastructure Strategy
Under the lease, the tenant will install production-grade infrastructure at the Sandersville facility to support a range of high-performance computing workloads.
In addition to the Georgia agreement, CleanSpark revealed it has entered into a letter of intent and exclusivity arrangement covering its entire Texas portfolio, comprising 718 acres with up to 885 megawatts of secured and planned power capacity.
Matt Schultz, CleanSpark's Chief Executive Officer and Chairman, said the agreement represents a major strategic milestone as the company broadens its focus beyond its existing operations.
Long-Term Revenue Opportunity
The lease has been structured as a triple-net agreement with built-in annual rent escalators.
CleanSpark expects the project to contribute approximately $330 million in average annual net operating income, while estimated landlord capital costs are projected to range between $10 million and $12 million per megawatt of critical IT capacity.
Texas Portfolio Offers Additional Growth Potential
The Texas assets covered by the exclusivity arrangement include:
- Sealy campus: 271 acres with nearly 300 megawatts of available power capacity
- Brazoria campus: 447 acres, already benefiting from transmission-level infrastructure capable of supporting an initial 300-megawatt demand load, with expansion potential to as much as 600 megawatts
The developments strengthen CleanSpark's position in the rapidly growing data centre market as demand for computing capacity continues to increase alongside artificial intelligence and cloud infrastructure investment.
Morgan Stanley & Co. LLC acted as financial adviser to CleanSpark on the transaction, while Davis Polk & Wardwell LLP served as legal counsel.
Source
Yahoo FinanceWestern
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