Shares of CleanSpark surged as much as 22% on Tuesday after the Bitcoin miner announced a 20-year data center lease in Georgia, reflecting its ongoing expansion into digital infrastructure beyond cryptocurrency mining.<\/p>\n
CleanSpark said it signed a 20-year triple-net lease with an undisclosed investment-grade global technology company for a 175-megawatt data center at its Sandersville, Georgia, campus. The company estimates the deal will generate approximately $6.6 billion in contracted revenue over the initial term, increasing to $11.6 billion if the tenant exercises two five-year extension options.<\/p>\n
Under the agreement, the tenant will install computing infrastructure at the site, with phased deliveries expected to begin in the fourth quarter of 2027.<\/p>\n
The agreement is the latest sign of CleanSpark\u2019s push to diversify beyond its core Bitcoin mining business and capitalize on growing demand for AI and high-performance computing infrastructure. Despite the shift, CleanSpark remains one of the largest publicly traded Bitcoin holders.\u00a0<\/p>\n<\/p>\n
CleanSpark has gradually accumulated Bitcoin over the past year. Source: <\/em>BitcoinTreasuries.NET<\/em><\/a><\/p>\n CleanSpark (CLSK) shares reached an intraday high of $15.10, before trimming some gains going in the US lunch hour. The stock was recently up about 11%, compared with a gain of less than 1% for the sector-tracking CoinShares Bitcoin Miners ETF (WGMI).<\/p>\n Related: <\/strong><\/em>Crypto Biz: Bitcoin maximalism meets the realities of capital markets<\/strong><\/em><\/a><\/p>\n CleanSpark\u2019s expansion comes as Bitcoin miners face mounting pressure from weaker mining economics, including lower revenues and tighter profit margins following the 2024 halving. In March, the company reported a fiscal second-quarter net loss<\/a> of $378 million, with nearly 60% of the loss attributed to a decline in Bitcoin\u2019s price. <\/p>\n In February, the company sold a portion of its BTC holdings<\/a> to help fund operations and growth initiatives.<\/p>\n The company has fared better than many of its peers, however. While several miners have sold significant portions of their Bitcoin reserves to shore up liquidity, CleanSpark has remained a net accumulator. As Cointelegraph reported<\/a>, publicly traded miners sold roughly 15,000 BTC between October and the end of February.<\/p>\n It is expected to report fiscal Q3 results on Aug. 6, with analyst consensus for a loss of $0.25 per share compared to earnings of $0.79 in the comparable quarter last year, according to Yahoo Finance. It has missed Wall Street estimates in the last three consecutive quarters. <\/p>\n Related: <\/strong><\/em>CoreWeave shows how crypto-era infrastructure quietly became AI\u2019s backbone<\/strong><\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Shares of CleanSpark surged as much as 22% on Tuesday after the Bitcoin miner announced a 20-year data center lease in Georgia, reflecting its ongoing expansion into digital infrastructure beyond cryptocurrency mining. CleanSpark said it signed a 20-year triple-net lease with an undisclosed investment-grade global technology company for a 175-megawatt data center at its Sandersville, […]<\/p>\n","protected":false},"author":1,"featured_media":36263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg","fifu_image_alt":"","footnotes":""},"categories":[11990],"tags":[25990,2708,25989,3251,9103,25991,1476],"class_list":["post-36262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-plug","tag-6-6b","tag-center","tag-cleanspark","tag-data","tag-georgia","tag-lease","tag-signs"],"rttpg_featured_image_url":{"full":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",0,0,false],"landscape":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",0,0,false],"portraits":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",0,0,false],"thumbnail":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",150,150,false],"medium":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",300,300,false],"large":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",1024,1024,false],"1536x1536":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",1536,1536,false],"2048x2048":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",2048,2048,false],"post-thumbnail":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",370,265,false],"kava-thumb-s":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",150,85,false],"kava-thumb-s-2":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",230,230,false],"kava-thumb-m":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",400,400,false],"kava-thumb-m-vertical":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",370,500,false],"kava-thumb-m-2":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",570,450,false],"kava-thumb-l":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",1170,650,false],"kava-thumb-xl":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",1920,1080,false],"kava-thumb-masonry":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",600,999,false],"kava-thumb-justify":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",640,640,false],"kava-thumb-justify-2":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-ai-is-now-paying-bitcoin-miners-more-than-mining-cleanspark.jpg",1280,640,false]},"rttpg_author":{"display_name":"#RiseCelestialStudios","author_link":"https:\/\/design-providers.com\/rise\/author\/ralph-c\/"},"rttpg_comment":0,"rttpg_category":"CRYPTO PLUG<\/a>","rttpg_excerpt":"Shares of CleanSpark surged as much as 22% on Tuesday after the Bitcoin miner announced a 20-year data center lease in Georgia, reflecting its ongoing expansion into digital infrastructure beyond cryptocurrency mining. CleanSpark said it signed a 20-year triple-net lease with an undisclosed investment-grade global technology company for a 175-megawatt data center at its Sandersville,…","_links":{"self":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/36262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/comments?post=36262"}],"version-history":[{"count":1,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/36262\/revisions"}],"predecessor-version":[{"id":36264,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/36262\/revisions\/36264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media\/36263"}],"wp:attachment":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media?parent=36262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/categories?post=36262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/tags?post=36262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin miners seek new revenue streams<\/h2>\n