CleanSpark, a Nasdaq-listed bitcoin miner, he said on July 14 that it has signed a 20-year contract with an unnamed global financial technology company at its campus in Sandersville, Georgia.
The partnership marks the company’s biggest move from pure bitcoin mining to high-performance computing for hyperscale customers.
The lease covers data infrastructure that supports 175 megawatts of critical IT assets. CleanSpark It is expected that the first period will generate a total of $ 6.6 billion, a figure that can rise to $ 11.6 billion if the borrower does both extensions.
The company recently announced that it will also use part of its electricity and mining capacity to operate an AI data center, aiming to diversify beyond bitcoin mining.
CleanSparks’ annual revenue from contract operations is expected to reach $330 million. The first delivery should take place in the fourth quarter of 2027.
Reiterating the owner’s desire, the two parties signed a memorandum of understanding and an exclusive arrangement covering all CleanSpark facilities in Texas, a facility of up to 885 megawatts of protected and planned energy. Once these turn into solid contracts, CleanSpark’s transition into a home for smart home automation and cloud services can only accelerate.
CleanSpark has 13,924 bitcoins
The announcement comes as a milestone for CleanSpark’s mining business. The company made 614 bitcoin at the beginning of July and raised its active hashrate to 50 exahashes per minute, a top company.
The wealth rose to 13,924 bitcoins, one of the largest transactions among miners. Management has held most of the bitcoin holdings rather than selling them on the market, betting on the stock’s long-term value.
Wall Street is heated to the point of pivot computation. Citizen began to publish with an Outperform rating and a $27 target, citing improvements in hyperscale compute capacity. Chardan to be promoted its target to $19 from $16 and maintain a Buy rating. Both publications framed the Sandersville lease as proof that CleanSpark can make its money and assets beyond mining, where margins fluctuate with bitcoin’s price and network complexity.
Investor reaction has been mixed. Shares of CleanSpark gained more than 20% in the market before the news but fell as much as 9% on the day.
Georgia’s mortgage offers a fence. The lease from the lender provides an income that does not rise and fall with hash rates, while the company maintains its mining fleet and bitcoin assets.
The next challenge is execution: to bring 175 megawatts online by the end of 2027 and convert the Texas letter into a lease.
