CleanSpark (NASDAQ: $CLSK) has signed a data centre lease worth $6.6 billion U.S. over 20 years.
The lease agreement has been singed with an unnamed global technology company and involves CleanSpark’s data centre campus in Georgia.
The Bitcoin (CRYPTO: $BTC) miner turned artificial intelligence (A.I.) data centre operator said the lease includes two five-year extension options that would lift the value to $11.6 billion U.S.
The tenant will deploy 175 megawatts (MW) of power, with deliveries expected to begin in the fourth quarter of 2027, according to CleanSpark.
“While the tenant remains confidential, they are a global technology company among the high-investment-grade cohort,” CleanSpark wrote in a news release.
The lease agreement is the clearest monetization yet of the A.I. pivot CleanSpark began to undertake last October.
CLSK stock is up 10% on news of the A.I. data centre lease. The company’s shares have risen 18% this year to trade at $13.65 U.S. per share.
