Cleanspark signed a 20-year AI infrastructure lease expected to generate $6.6 billion in contracted revenue, with deliveries beginning in Q4 2027. The triple-net lease covers 175 MW of critical IT load at the company's Sandersville, Georgia campus, with an unnamed high-investment-grade global technology tenant. The agreement includes two five-year extension options that could raise total contract value to $11.6 billion. Cleanspark is accelerating its shift from bitcoin mining into large-scale digital infrastructure, joining a growing group of bitcoin miners converting power-heavy sites into AI and high-performance computing facilities. The lease is expected to deliver an average annual net operating income contribution of about $330 million, with estimated landlord project costs ranging from $10 million to $12 million per megawatt of critical IT load.
Cleanspark Selects Sandersville Campus for 175 MW AI Deployment
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, Cleanspark's Chairman and CEO, called the lease a transformational moment for the company, stating: "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. 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.
Tenant Secures Exclusivity Over Cleanspark's 885 MW Texas Portfolio
The same tenant signed a letter of intent and an exclusivity arrangement covering Cleanspark's entire Texas portfolio. That portfolio spans 718 acres and includes up to 885 MW of secured and planned power capacity. It includes Cleanspark's Sealy campus, with 271 acres and nearly 300 MW, and its Brazoria campus, with 447 acres and transmission-level infrastructure.
Bitcoin Miners Convert Power Sites Into AI Infrastructure
Cleanspark's deal places the company among a growing group of bitcoin miners converting power-heavy sites into AI and high-performance computing infrastructure. 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. 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. Power access is becoming a critical asset for digital infrastructure, whether used for bitcoin mining, AI training, or enterprise compute.
FAQ
What did Cleanspark sign in its latest deal?
Cleanspark signed a 20-year AI infrastructure lease expected to generate $6.6 billion in contracted revenue, covering 175 MW of critical IT load at its Sandersville, Georgia campus, with deliveries beginning in Q4 2027.
Why did Cleanspark select the Sandersville campus for this lease?
The Sandersville campus was selected for its reliable, low-cost power, available capacity, and ability to support phased deployment of high-density compute infrastructure.
How much power capacity is included in Cleanspark's Texas portfolio under exclusivity?
Cleanspark's Texas portfolio under exclusivity spans 718 acres and includes up to 885 MW of secured and planned power capacity, including the Sealy campus with nearly 300 MW and the Brazoria campus with transmission-level infrastructure.
