CleanSpark's 20-Year Power Move: 22% Surge After $6.6B Georgia Data Center Deal 📈

CleanSpark shares jumped as much as 22% on Tuesday after the Bitcoin miner announced a 20-year triple-net lease for a 175-megawatt data center at its Sandersville, Georgia, campus. The agreement is with an undisclosed investment-grade global technology company and is estimated to generate approximately $6.6 billion in contracted revenue over the initial term, rising to $11.6 billion if the tenant exercises two five-year extension options. Under the deal, the tenant will install computing infrastructure at the site, with phased deliveries expected to begin in the fourth quarter of 2027. CleanSpark (CLSK) shares reached an intraday high of $15.10, before paring gains to a recent rise of about 11%. By comparison, the CoinShares Bitcoin Miners ETF (WGMI) was up less than 1%.

The lease marks a further step in CleanSpark's diversification beyond cryptocurrency mining into AI and high-performance computing infrastructure. The company remains one of the largest publicly traded corporate holders of Bitcoin ($BTC) and has been a net accumulator over the past year, according to BitcoinTreasuries.NET. That stance contrasts with several publicly traded miners that together sold roughly 15,000 BTC between October and the end of February, as previously reported by Cointelegraph.

The expansion comes against a backdrop of weaker mining economics following the 2024 halving, with miners confronting lower revenues and tighter margins. In March, CleanSpark reported a fiscal second-quarter net loss of $378 million, attributing nearly 60% of the loss to a decline in Bitcoin's price. In February, the company sold a portion of its BTC holdings to fund operations and growth initiatives. The company is scheduled to report fiscal Q3 results on Aug. 6.

Analyst consensus points to a loss of $0.25 per share, according to Yahoo Finance, compared with earnings of $0.79 in the year-earlier quarter. CleanSpark has missed Wall Street estimates in each of the last