CleanSpark Abandons Bitcoin Mining for Digital Landlord Model

CleanSpark has shifted its business model from Bitcoin mining to becoming a digital infrastructure landlord.

The company signed a 20-year triple-net lease with a leading global technology firm at its Sandersville, Georgia campus for $6.6 billion in contracted revenue, or $11.6 billion if the tenant exercises two five-year extension options.

The agreement provides 175 MW of critical IT load, with deliveries beginning in Q4 2027 and an average annual net operating income of $330 million with nearly 100% margins.