On July 14, CleanSpark surged 20.02% in regular trading, trading at $13.61/share, with turnover of $227 million. The rally was driven by the company's announcement of a landmark 20-year infrastructure lease agreement with a high investment-grade global technology company for its Sandersville, Georgia data center campus.
The triple-net lease covers 175 megawatts of critical IT load, with deliveries expected to begin in Q4 of next year. The initial term is expected to generate approximately $6.6 billion in contracted revenue, with two five-year extension options that could increase total contracted revenue to approximately $11.6 billion. Additionally, the tenant signed a letter of intent and exclusivity agreement covering CleanSpark's Texas portfolio, which includes up to 885 MW of secured and planned power capacity across its Sealy and Brazoria campuses.
CleanSpark operates as a bitcoin miner in the Americas, owning and operating data centers that primarily run on low-carbon power. The company is headquartered in Henderson, Nevada.
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