CleanSpark, Inc. has secured a twenty-year lease agreement with an undisclosed high-investment-grade global technology company for its data center campus in Sandersville, Georgia, the Las Vegas-based company announced on July 14, 2026.

The deal is expected to generate USD 6.6 billion in contracted revenue over the initial term, with the total rising to USD 11.6 billion if two five-year extension options are exercised.

Deal Structure and Financial Terms

The agreement is structured as a triple-net lease, meaning the tenant bears responsibility for operating costs beyond the base rent, with annual escalators built into the contract.

CleanSpark estimates the landlord project costs will run between USD 10 million and USD 12 million per megawatt of critical IT load.

The company projects a cumulative net operating income contribution margin of nearly 100 percent across the lease term, translating to an average annual NOI contribution of approximately USD 330 million.

The lease covers 175 megawatts of critical IT load, with deliveries expected to begin in the fourth quarter of 2027.

The identity of the tenant has not been disclosed, though CleanSpark described the company as a leading global technology firm that qualifies as high-investment-grade, a designation the company said facilitates its financing options and supports the multi-decade term structure of the deal.

Morgan Stanley acted as financial advisor to CleanSpark on the transaction, while Davis Polk and Wardwell served as legal counsel.

Texas Portfolio Enters Exclusivity

Alongside the Sandersville lease, the unnamed tenant has also executed a letter of intent and an exclusivity arrangement covering CleanSpark's entire Texas portfolio.

That portfolio spans 718 acres and carries up to 885 megawatts of secured and planned power capacity across two campuses. The Sealy campus accounts for 271 acres with nearly 300 megawatts of capacity.

The Brazoria campus covers 447 acres, where transmission-level infrastructure supports an initial 300-megawatt demand load with the potential to expand to 600 megawatts.

CleanSpark described the Texas exclusivity arrangement as positioning Sandersville as the first phase of a substantially larger relationship with the tenant.

Sandersville Campus Background

CleanSpark launched operations at its Sandersville campus in 2022 and cited the site's access to reliable, low-cost power and its capacity to support high-density compute workloads as factors in its selection for this agreement.

The company said the campus is capable of supporting rapid, phased deployment of advanced data center infrastructure.

Sandersville Mayor Jimmy Andrews commented on the announcement, saying that CleanSpark has been a pillar of the local community for many years, providing job market stability and tax revenue. Andrews expressed support for the company's next chapter at the site.

Strategic Context

CleanSpark chief executive officer and chairman Matt Schultz characterized the deal as a transformational moment representing the completion of the company's evolution into what he called a diversified digital infrastructure platform.

Schultz pointed to the transaction as validation of what he described as a second-mover advantage strategy, in which the company grew its portfolio as the market matured before executing on commercial terms.

The company said it controls more than 1.8 gigawatts of power, land, and data centers across the United States.

Prior to this announcement, CleanSpark had been primarily associated with Bitcoin mining operations, and the company's investor materials note that its portfolio sits at the intersection of Bitcoin, energy, operational excellence, and capital stewardship.

The Sandersville lease marks a significant shift in CleanSpark's publicly stated business profile, with the company now describing itself as a market-leading data center developer.

The agreement with a high-investment-grade technology tenant, combined with the exclusivity arrangement covering nearly 900 megawatts of Texas capacity, signals an intention to pursue large-scale infrastructure leasing as a core revenue model alongside its existing operations.

Conference Call and Investor Details

CleanSpark hosted a conference call on July 14 at 11 a.m.

Eastern time to discuss the announcement with investors.

The company trades on the Nasdaq exchange under the ticker symbol CLSK. The company noted that while the tenant's identity remains confidential, the counterparty's investment-grade standing was a deliberate factor in structuring the long-term lease, as it underpins the financing options available to CleanSpark as landlord.

The triple-net structure, extended term, and creditworthiness of the tenant are each elements CleanSpark highlighted as central to the deal's value proposition for the company and its shareholders.