Cleanspark has signed a 20-year triple-net lease at its Sandersville, Georgia, campus, expected to generate $6.6 billion in contracted revenue. The tenant has also secured exclusivity over Cleansparks 885 MW Texas portfolio, signaling a broader artificial intelligence (AI) infrastructure partnership.
Key Takeaways
- Cleanspark signed a 20-year AI lease worth $6.6B, with potential to reach $11.6B.
- A major tech tenant secured exclusivity over Cleansparks 885 MW Texas portfolio.
- AI demand is pushing miners like Cleanspark toward power-focused infrastructure growth.
Cleanspark Turns Georgia Mining Site Into 175 MW AI Campus With $6.6B Lease
Cleanspark is accelerating its shift from bitcoin mining into large-scale digital infrastructure with a 20-year lease agreement expected to generate $6.6 billion in contracted revenue.
The company said the triple-net lease covers 175 MW of critical IT load at its Sandersville, Georgia, campus. Deliveries are expected to begin in Q4 2027. The tenant was not named, but Cleanspark described it as a leading global technology company with a high investment-grade profile.
The agreement includes two five-year extension options. If both are exercised, total expected contract value could rise to $11.6 billion.
Cleanspark said the lease is expected to deliver an average annual net operating income contribution of about $330 million. Estimated landlord project costs are expected to range from $10 million to $12 million per megawatt of critical IT load.
Sandersville Becomes Cleansparks AI Anchor
The Sandersville campus was selected for its reliable, low-cost power, available capacity, and ability to support phased deployment of high-density compute infrastructure.
Matt Schultz, Cleansparks Chairman and CEO, called the lease a transformational moment for the company. He said:
A 20-year commitment from a high-investment-grade global technology company with a market-leading commercial profile is a tremendous validation of our land-and-power strategy.
A 20-year commitment from a high-investment-grade global technology company with a market-leading commercial profile is a tremendous validation of our land-and-power strategy.
The tenant will deploy production-grade infrastructure at the site for a range of computing workloads. While the company remains confidential, its credit profile is expected to support Cleansparks financing options and the long-term structure of the lease.
Sandersville Mayor Jimmy Andrews said Cleanspark has supported local jobs, tax revenue, and community development, adding that the city plans to support the new infrastructure project.
Texas Portfolio Moves Under Exclusivity
The lease also comes with a broader strategic option. The same tenant has signed a letter of intent and an exclusivity arrangement covering Cleansparks entire Texas portfolio.
That portfolio spans 718 acres and includes up to 885 MW of secured and planned power capacity. It includes Cleansparks Sealy campus, with 271 acres and nearly 300 MW, and its Brazoria campus, with 447 acres and transmission-level infrastructure.
The deal places Cleanspark among a growing group of bitcoin miners converting power-heavy sites into AI and high-performance computing infrastructure. Meanwhile, treasury holdings for Cleanspark rose to 13,924 BTC in July, with the company retaining most of its mined bitcoin rather than selling into the market, a bet on the assets long-term price.
The move follows a similar agreement by Terawulf, which recently signed a 20-year AI infrastructure lease with Anthropic, expected to generate about $19 billion.