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.
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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.
