CleanSpark stock jumps 15% on $11.6 billion Georgia data center lease

- 20-year triple-net lease for Sandersville, Georgia data center campus valued at up to $11.6 billion - Strategic pivot to digital infrastructure leasing raises investor concerns over tenant exposure and transparency 2026-07-14 On July 9, 2026, PR Newswire reported that CleanSpark (NASDAQ: CLSK) shares surged over 15% after the company announced a 20-year triple-net lease for its Sandersville, Georgia data center campus. The deal is valued at up to $11.6 billion and represents about $330 million in expected average annual net operating income, and it marks a significant strategic shift as CleanSpark diversifies beyond Bitcoin mining into digital infrastructure leasing for major technology clients. The lease agreement covers a 175 MW critical IT load, and CleanSpark expects substantial capital investment, estimated between $10 million and $12 million per MW, or $1.75 billion to $2.1 billion in total. Site deliveries for the project are scheduled for the fourth quarter of 2027. The tenant, while undisclosed, is described as a high-investment-grade global technology firm, and the company has also signed a letter of intent and exclusivity for CleanSpark’s Texas portfolio, suggesting further growth opportunities. CleanSpark’s approach follows similar moves by peers like Core Scientific, Iris Energy, and Riot Platforms, which increasingly focus on infrastructure for large-scale enterprise customers. However, despite the deal’s promise of long-term income and enhanced market positioning, investors have voiced concerns about tenant concentration and the lack of disclosure regarding the tenant’s identity. These risks are heightened in the context of CleanSpark’s recent net loss of $378.3 million in the quarter ending March 31, 2026, which included a $224.1 million write-down on Bitcoin holdings, and CleanSpark’s future success with this model will hinge on execution, securing adequate financing, and the ongoing financial strength of its new tenant. According to CoinMarketCap on July 9, 2026, Bitcoin (BTC) was trading at $64,260.09, up 2.53% in 24-hour volume.