CleanSpark has signed a 20-year triple-net lease with an unnamed global tech company for a data center at its Sandersville, Georgia, campus. The company estimates the agreement will generate about $6.6 billion in contracted revenue, while extension options could raise the total contract value to $11.6 billion.
CleanSpark will provide 175 megawatts (MW) of critical IT load at Sandersville. Project deliveries are expected to begin during the fourth quarter of 2027. CleanSpark projects the agreement will generate annual net operating income of about $330 million over the lease period.
Landlord project costs are expected to range between $10 million and $12 million for each megawatt of critical IT load. The tenant remains unnamed, although CleanSpark described the company as a high-investment-grade global technology business.
Georgia Campus Anchors Long-Term AI Expansion
CleanSpark selected Sandersville because of available power capacity, lower electricity costs, and space for phased construction of computing facilities. The company expects the site to support production-grade infrastructure for several computing workloads over the coming years.
Matt Schultz, CleanSpark’s Chairman and CEO, described the agreement as a major milestone for the business. He said,
“A 20-year commitment from a high-investment-grade global technology company with a market-leading commercial […] validation of our land-and-power strategy.”
Sandersville Mayor Jimmy Andrews said CleanSpark has supported local employment, tax collections, and community projects. City leadership plans to continue supporting construction tied to new data center development.
Texas Assets Support Broader AI Partnership
The agreement also grants the tenant exclusive rights under a preliminary agreement covering CleanSpark’s Texas portfolio. The portfolio spans 718 acres and supports as much as 885 megawatts of existing and planned power capacity, creating additional opportunities for future infrastructure development.
Texas holdings include the Sealy campus, which spans 271 acres and has approximately 300 megawatts of power capacity. The Brazoria campus adds 447 acres and features transmission-level power infrastructure. The exclusivity arrangement connects both properties to the broader partnership announced alongside the Georgia lease.
CleanSpark continues to hold most of its mined Bitcoin. The company reported treasury holdings of 13,924 BTC in July, maintaining its position as a net accumulator while many publicly traded mining companies reduced their reserves to raise cash.
