TechFlow news, July 16, according to Cointelegraph, Bitcoin mining company CleanSpark's stock price rose by as much as 22% on Tuesday, as the company announced signing a 20-year triple net lease agreement with an undisclosed investment-grade tech giant to operate a 175 MW data center at the Sandersville campus in Georgia for AI and high-performance computing infrastructure deployment.
CleanSpark estimates the agreement will generate approximately $6.6 billion in contract revenue over the initial term, reaching a total of $11.6 billion if the tenant exercises two five-year extension options. The tenant will deploy computing infrastructure in phases starting from the fourth quarter of 2027. This move marks CleanSpark's accelerated transformation into the diversified digital infrastructure sector amid pressure on Bitcoin mining economics.
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