Key facts
- CleanSpark signed a 20-year lease for a 175-megawatt data center in Sandersville, Georgia.
- The lease is with an undisclosed investment-grade global technology company.
CleanSpark has signed a 20-year lease for a 175-megawatt data center in Georgia with an undisclosed technology company. The deal, valued at approximately $6.6 billion over the initial term, signals a strategic pivot from Bitcoin mining to AI and high-performance computing infrastructure.
The agreement highlights a trend of Bitcoin miners diversifying into AI infrastructure to secure new revenue streams amidst challenging mining economics, potentially reshaping the landscape of digital infrastructure providers.
CleanSpark, a company primarily known for its Bitcoin mining operations, has announced a significant strategic pivot towards artificial intelligence compute services. This shift is underscored by a substantial 20-year lease agreement for a 175-megawatt data center in Georgia, with an undisclosed investment-grade technology company as the tenant. The deal is estimated to generate approximately $6.6 billion in contracted revenue over the initial term, potentially rising to $11.6 billion with extension options. Deliveries of computing infrastructure are expected to begin in the fourth quarter of 2027. This move signals a diversification strategy, aiming to capitalize on the burgeoning AI market by repurposing its capabilities beyond cryptocurrency mining, though the company remains a significant Bitcoin holder.