Key Highlights

  • CleanSpark entered a 20‑year triple net lease on July 10, 2026 for its Georgia campus, supporting a 175 MW IT load.
  • The lease includes two five‑year extension options, providing the tenant with long‑term occupancy rights.
  • A letter of intent and exclusivity covers 718 acres of CleanSpark’s Texas assets, tied to up to 885 MW of secured and planned capacity.

CleanSpark announced on July 14, 2026 that it has secured a long‑term lease for its data‑center facilities in Georgia, linking the firm with a prominent global technology organization known for a strong credit rating. The agreement positions CleanSpark to monetize its infrastructure assets while expanding its footprint in key power markets.

Deal Overview

The lease, signed on July 10, 2026, obliges the technology tenant to occupy data‑center infrastructure at CleanSpark’s Sandersville site. The arrangement focuses on supporting a substantial 175 MW of critical information‑technology demand, reflecting CleanSpark’s role as a power‑generation partner for high‑performance computing.

Lease Structure

Structured as a triple‑net lease, the tenant assumes responsibility for all associated costs, charges and liabilities. The contract incorporates annual rent escalations and sets an initial duration of twenty years, with the tenant holding two options to prolong the term by five years each.

Georgia Campus Impact

The Sandersville campus will serve as a cornerstone for the tenant’s computing operations, leveraging CleanSpark’s ability to deliver reliable, high‑capacity electricity. Meeting the lease’s requirements will hinge on CleanSpark achieving specific financing, construction and delivery milestones tied to the facility’s readiness.

Texas Portfolio Intent

In parallel, the tenant executed a letter of intent and exclusivity covering 718 acres of CleanSpark’s Texas holdings. This arrangement aligns with up to 885 MW of both secured and planned power capacity, indicating a broader strategic interest in CleanSpark’s renewable and thermal asset base.

Milestone Conditions

The lease imposes strict performance thresholds; failure to satisfy financing, build‑out or delivery deadlines may trigger rent reductions or allow either party to terminate the agreement. These covenants underscore the importance of timely project execution for both CleanSpark and its tenant.

Strategic Implications

By locking in a high‑credit tenant for a multi‑decade period, CleanSpark enhances revenue visibility and mitigates exposure to market volatility. The accompanying Texas intent suggests potential expansion of CleanSpark’s role in supporting large‑scale compute workloads across multiple regions.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.