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CLSKBullishCorporate Developmentsnews
High materiality8/10

CleanSpark signs 20-year data center lease; near-term catalysts emerge

Jul 15, 2026, 11:02 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

The deal delivers multi-year revenue visibility, a large contract scope, and exclusivity in Texas, supported by analyst upgrades, suggesting meaningful fundamental improvement and potential multiple expansion.

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What happened, with direct paths to the underlying reporting

CleanSpark announced a 20-year infrastructure lease at its Sandersville, GA data center campus with an undisclosed high-investment-grade global tech company, including two five-year extension options. The deal envelopes about $6.6 billion of contracted revenue upfront and up to $11.6 billion with extensions, validating the company's land-and-power strategy and potential monetization of Texas capacity.

  • CleanSpark signs 20-year data center lease; initial revenue $6.6B, up to $11.6B.
  • Deal validates land-and-power strategy with exclusivity on Texas capacity.
  • Texas LOI and exclusivity hint near-term lease catalysts in 30–120 days.
  • Analysts lift targets: BTIG $26; Needham $23; FY28 projections introduced.

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