Data center developer CleanSpark (NASDAQ: CLSK) said it has entered into a 20-year infrastructure lease with an unnamed investment-grade technology company for its campus in Sandersville, Georgia. The agreement includes two five-year renewal options and is structured as a triple-net lease, or NNN lease. CleanSpark said the deal is expected to generate about $6.6 billion in contracted revenue during the initial lease term. If both renewal options are exercised, the total contract value could reach as much as $11.6 billion. The project covers delivery of 175 megawatts of critical IT load, with delivery scheduled to begin in the fourth quarter of 2027. The company did not disclose the tenant’s identity.
Data center developer CleanSpark (CLSK) said it has signed a 20-year infrastructure lease with an unnamed investment-grade technology company for its campus in Sandersville, Georgia.
The agreement includes two five-year renewal options and is structured as a triple-net, or NNN, lease. CleanSpark said the contract is expected to generate about $6.6 billion in revenue over the initial lease term. If both renewal options are exercised, the total value could rise to as much as $11.6 billion.
The project covers 175 megawatts of critical IT load, with delivery expected to begin in the fourth quarter of 2027. The tenant has not been identified.
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