Cleanspark Lands $6.6B AI Lease as 20-Year Deal Reshapes Bitcoin Mining Strategy

Cleanspark Turns Georgia Mining Site Into 175 MW AI Campus With $6.6B Lease

Cleanspark is accelerating its displacement from bitcoin mining into large-scale integer infrastructure with a 20-year lease statement expected to make $6.6 cardinal successful contracted revenue.

The institution said the triple-net lease covers 175 MW of captious IT load astatine its Sandersville, Georgia, campus. Deliveries are expected to statesman successful Q4 2027. The tenant was not named, but Cleanspark described it arsenic a starring planetary exertion institution with a precocious investment-grade profile.

The agreement includes 2 five-year hold options. If some are exercised, full expected declaration worth could emergence to $11.6 billion.

Cleanspark said the lease is expected to present an mean yearly nett operating income publication of astir $330 million. Estimated landlord task costs are expected to scope from $10 cardinal to $12 cardinal per megawatt of captious IT load.

Sandersville Becomes Cleanspark’s AI Anchor

The Sandersville field was selected for its reliable, low-cost power, disposable capacity, and quality to enactment phased deployment of high-density compute infrastructure.

Matt Schultz, Cleanspark’s Chairman and CEO, called the lease a transformational infinitesimal for the company. He said:

A 20-year committedness from a high-investment-grade planetary exertion institution with a market-leading commercialized illustration is simply a tremendous validation of our land-and-power strategy.

The tenant volition deploy production-grade infrastructure astatine the tract for a scope of computing workloads. While the institution remains confidential, its recognition illustration is expected to enactment Cleanspark’s financing options and the semipermanent operation of the lease.

Sandersville Mayor Jimmy Andrews said Cleanspark has supported section jobs, taxation revenue, and assemblage development, adding that the metropolis plans to enactment the caller infrastructure project.

Texas Portfolio Moves Under Exclusivity

The lease besides comes with a broader strategical option. The aforesaid tenant has signed a missive of intent and an exclusivity statement covering Cleanspark’s full Texas portfolio.

That portfolio spans 718 acres and includes up to 885 MW of secured and planned powerfulness capacity. It includes Cleanspark’s Sealy campus, with 271 acres and astir 300 MW, and its Brazoria campus, with 447 acres and transmission-level infrastructure.

The woody places Cleanspark among a increasing radical of bitcoin miners converting power-heavy sites into AI and high-performance computing infrastructure. Meanwhile, treasury holdings for Cleanspark roseate to 13,924 BTC successful July, with the institution retaining astir of its mined bitcoin alternatively than selling into the market, a stake connected the asset’s semipermanent price.

The determination follows a akin agreement by Terawulf, which precocious signed a 20-year AI infrastructure lease with Anthropic, expected to make astir $19 billion.

For miners, the connection is becoming clear: powerfulness entree is present the prize. Whether utilized for bitcoin mining, AI grooming oregon endeavor compute, large-scale energy capableness is becoming 1 of the astir invaluable assets successful integer infrastructure.