CleanSpark (Nasdaq: CLSK), a number one information heart developer with roots in bitcoin mining, has entered a 20-year infrastructure lease settlement with an unnamed, high-investment-grade world expertise firm at its Sandersville, Georgia campus.
The deal marks a serious pivot as the corporate expands from bitcoin operations into broader digital infrastructure.
A transformational lease
The triple-net (NNN) lease is anticipated to generate roughly $6.6 billion in contracted income over its preliminary time period, climbing to as a lot as $11.6 billion if two five-year extension choices are exercised.
The settlement covers 175 MW of essential IT load, with deliveries anticipated to start in This fall 2027.
Matt Schultz, CleanSpark CEO and chairman, described the announcement as a turning level for the agency:
“This lease is a transformational second for CleanSpark as we full our evolution right into a diversified digital infrastructure platform and start monetizing our energy portfolio at institutional scale.”
The corporate expects a cumulative NOI contribution margin of practically 100%, translating to a median annual NOI of about $330 million.
Texas portfolio below exclusivity
The tenant has additionally executed a letter of intent and exclusivity association overlaying CleanSpark’s whole Texas portfolio, totaling 718 acres with as much as 885 MW of secured and deliberate energy capability.
This contains 271 acres with practically 300 MW on the Sealy campus and 447 acres on the Brazoria campus, which helps an preliminary 300 MW demand load with potential to increase to 600 MW.
Sandersville basis
CleanSpark launched its Sandersville operations in 2022, deciding on the location for dependable, low-cost energy and out there capability for high-density compute.
The corporate controls a portfolio of greater than 1.8 GW of energy, land, and information facilities throughout america.
Morgan Stanley & Co. LLC acted as monetary advisor, with Davis Polk & Wardwell LLP serving as authorized counsel.