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CleanSpark shares jump 22% after signing a $6.6 billion data center lease
Deep Tide TechFlow news: On July 16, according to Cointelegraph, the share price of the Bitcoin miner CleanSpark rose by as much as 22% on Tuesday after the company announced that it has signed a 20-year triple-net lease agreement with an undisclosed investment-grade technology giant. Under the deal, CleanSpark will operate a 175 MW data center at its Sandersville, Georgia campus for AI and high-performance computing infrastructure deployments.
CleanSpark estimates that the agreement will generate approximately $6.6 billion in contract revenue during the initial term, and if the tenant exercises two additional five-year extension options, the total could reach $11.6 billion. The tenant will roll out the computing infrastructure in phases starting in Q4 2027. This move marks CleanSpark accelerating its transition into the diversified digital infrastructure sector amid pressure on Bitcoin mining economics.