Rebounds as 20-Year Agreement Positions Company for $11.6B Opportunity

TLDR

• CleanSpark stock surged after announcing a 20-year infrastructure lease.
• Long-term deal could generate up to $11.6B with lease extensions.
• Sandersville campus becomes the launch site for advanced computing.
• Texas portfolio enters exclusivity covering up to 885 MW capacity.
• Lease expands CleanSpark beyond bitcoin mining into data centers.

CleanSpark, Inc. (CLSK) shares gained strong pre-market momentum after the company announced a long-term infrastructure agreement. The stock closed at $12.36, down 3.81%, before rising 17.88% to $14.57 in pre-market trading. The agreement strengthens CleanSpark’s expansion beyond bitcoin mining into large-scale digital infrastructure.

CleanSpark, Inc., CLSK

CleanSpark Secures Long-Term Infrastructure Agreement

CleanSpark signed a 20-year infrastructure lease with a high-investment-grade global technology company for its Sandersville, Georgia campus. The agreement also includes two optional five-year extensions that could extend the commercial relationship. The full arrangement could generate about $11.6 billion in total contracted revenue if both extensions proceed.

The initial 20-year lease carries an expected contract value of about $6.6 billion. The agreement follows a triple net structure with annual rent escalators throughout the lease period. The company expects the lease to deliver an average annual net operating income contribution of approximately $330 million.

The tenant plans to deploy production-grade infrastructure that supports multiple computing workloads at the Sandersville location. CleanSpark will continue providing the site and supporting infrastructure throughout the agreement. The tenant’s identity remains confidential despite its high-investment-grade status and global technology profile.

Sandersville Campus Supports Long-Term Expansion

CleanSpark selected the Sandersville campus because of reliable power availability and capacity for advanced computing infrastructure. The site offers room for phased deployment of high-density data center operations over several years. The company has operated in Sandersville since 2022 while expanding energy infrastructure and site development.

The company also built long-term operations that support economic activity across the surrounding region. Besides that, those investments strengthened local infrastructure before the latest commercial agreement. The lease now converts those earlier investments into a long-term contracted revenue opportunity.

Estimated landlord project costs range between $10 million and $12 million for each megawatt of critical information technology load. However, the company expects cumulative net operating income contribution margins to remain close to 100%. Those projections reflect the structure of the long-term lease agreement.

Texas Portfolio Adds Additional Growth Potential

CleanSpark also signed a letter of intent granting the tenant exclusivity across its entire Texas portfolio. Consequently, the portfolio becomes the next potential stage of the expanding commercial relationship. The Texas assets include 718 acres with up to 885 megawatts of secured and planned power capacity.

The Sealy campus covers 271 acres and provides nearly 300 megawatts of planned capacity. The Brazoria campus spans 447 acres and supports an initial demand load of 300 megawatts. Existing transmission infrastructure also allows future expansion to as much as 600 megawatts.

The Texas exclusivity arrangement does not guarantee a final agreement at this stage. However, it establishes a framework for future development across the company’s larger power portfolio. Therefore, the Sandersville agreement represents the first completed phase of a broader digital infrastructure strategy while expanding CleanSpark’s long-term commercial opportunities.