CleanSpark's $6.6B AI Deal Sends Stock Price Soaring

CleanSpark Inc. (CLSK) has seen its stock price surge by as much as 16% after announcing a $6.6 billion AI data center megadeal in Sandersville, Georgia. The deal locks in about $6.6B in contracted revenue starting from 2027, with options that could take the total to $11.6B and roughly $330M in annual net operating income (NOI).

The company's shares jumped following the announcement, signaling strong enthusiasm for the long-dated, contracted cash flows. Street firms including B. Riley, Cantor Fitzgerald, Keefe Bruyette, Needham, and Chardan raised price targets and reiterated positive ratings on CLSK after the lease news.

The deal is a game-changer for CleanSpark, as it introduces a future stream of high-margin cash flows that many traditional miners can only dream about. The market's reaction confirms that traders are already starting to re-rate CleanSpark as a digital infrastructure platform, not just a leveraged bet on BTC.