CleanSpark Secures $6.6 Billion Data Center Lease Amid Challenging Bitcoin Mining Environment

CleanSpark has taken a major step towards diversifying its business beyond Bitcoin mining by signing a $6.6 billion, 20-year lease for its Sandersville data center development with an investment-grade tenant.

The company has fully funded the anticipated equity portion of the project and prepaid for long-lead equipment required to meet its targeted ready-for-service date.

This move is part of CleanSpark's strategy to commercialize its power and data center portfolio, reducing project-level economic risk and providing long-term, durable cash flows.

The company controls a portfolio of over 1.8 GW of power, land, and data centers across the US, positioning itself for opportunities in Bitcoin mining, high-performance computing, and artificial intelligence infrastructure.