CleanSpark Expands Into AI With $6.6B Data Center Deal
Bitcoin miner CleanSpark has secured a 20-year AI data center lease expected to generate $6.6 billion in contracted revenue, marking a major step in its expansion beyond Bitcoin mining.
CleanSpark is accelerating its transformation from a Bitcoin mining company into a broader digital infrastructure provider after securing a 20-year data center lease valued at approximately $6.6 billion with a confidential global technology company.
Announced on July 14, the agreement centers on the company’s Sandersville, Georgia campus, where the customer plans to deploy 175 megawatts (MW) of critical IT load for artificial intelligence workloads. Initial deliveries are scheduled to begin in the fourth quarter of 2027.
The deal underscores a growing trend across the crypto mining industry, where operators with access to large-scale power infrastructure are increasingly positioning themselves to serve the rapidly expanding AI and high-performance computing sectors.
Landmark agreement expands AI infrastructure strategy
Under the terms of the agreement, CleanSpark signed a triple-net lease, a structure in which the tenant is responsible not only for rent but also for property insurance and most ongoing operating expenses. The arrangement is expected to produce nearly a 100% cumulative net operating income (NOI) contribution margin, according to the company.
CleanSpark estimates the project will contribute an average of approximately $330 million in annual NOI, while landlord project costs are expected to range between $10 million and $12 million per megawatt of deployed critical IT capacity.
The contract also includes two optional five-year extensions. If exercised, the total value of the agreement could increase to approximately $11.6 billion.
Although the customer has not been identified, CleanSpark described it as a high-investment-grade global technology company, a designation the miner said supports favorable financing conditions and enables a long-term commercial partnership.
“This lease is a transformational moment for CleanSpark as we complete our evolution into a diversified digital infrastructure platform and begin monetizing our power portfolio at institutional scale.”
— Matt Schultz, CEO and Chairman of CleanSpark
Partnership could extend beyond Georgia
The Sandersville project may represent only the beginning of a broader relationship between the two companies.
Alongside the lease, the unnamed technology firm signed a letter of intent and exclusivity agreement covering CleanSpark’s entire Texas portfolio, signaling interest in future AI infrastructure expansion.
The Texas assets include approximately 718 acres across the company’s Sealy and Brazoria campuses, representing up to 885 MW of secured and planned power capacity.
While no definitive agreement has been announced for those locations, the exclusivity arrangement suggests discussions are underway regarding significantly larger deployments beyond the initial Georgia campus.
AI becomes a new growth engine for Bitcoin miners
The announcement represents the strongest validation yet of CleanSpark’s strategic shift toward AI infrastructure.
The company first signaled this direction in October 2025, when it recruited a former Humain executive to oversee data center expansion and began evaluating its Georgia power assets for large-scale AI conversion.
Just one month later, CleanSpark reported record fiscal 2025 revenue while repositioning itself as a computing infrastructure platform capable of supporting both Bitcoin mining and AI computing workloads.
That transition mirrors a broader industry movement as miners seek new revenue streams from their power infrastructure. AI developers require enormous amounts of electricity and data center capacity, creating opportunities for mining companies that already operate large energy-intensive facilities.
Industry analysts have increasingly highlighted this convergence. In May, Bernstein identified several Bitcoin miners—including CleanSpark—as potential beneficiaries of accelerating AI infrastructure demand, pointing to more than $90 billion in AI data center agreements across the market.
Industry trend continues to gain momentum
CleanSpark is not alone in pursuing AI-driven infrastructure opportunities.
Several major Bitcoin miners have announced long-term partnerships with AI companies as demand for computing capacity continues to outpace available supply. The strategy allows miners to diversify revenue while leveraging existing power assets originally built for cryptocurrency mining.
Earlier, TeraWulf also entered the AI infrastructure market by signing a 20-year data center agreement with Anthropic, a deal expected to generate approximately $19 billion in contracted lease revenue while supporting the company’s expansion into AI-focused computing infrastructure.
As AI investment continues to accelerate globally, access to reliable power and large-scale data center campuses is becoming an increasingly valuable asset. For Bitcoin miners such as CleanSpark, infrastructure once dedicated exclusively to digital asset production is now emerging as a foundation for a new generation of AI computing, potentially reshaping how the sector generates long-term revenue.
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