Bitcoin miner CleanSpark entered a 20-year lease agreement with a global technology firm to provide 175 MW of data center capacity in Georgia. The deal is expected to generate $6.6 billion in revenue, potentially reaching $11.6 billion with extensions, and includes exclusivity for an 885 MW portfolio in Texas. While the company needs to secure $2.1 billion to fund construction, the specific financing terms remain undisclosed.
The company secured a 20-year infrastructure lease to lock in long-term revenue and diversify away from volatile Bitcoin mining.
Read the full storyBitcoin miner CleanSpark secured a 175 MW capacity deal for AI data centers, though it still needs $2.1 billion to fund construction.
CleanSpark secured a 20-year lease with a major tech firm, projected to generate up to $11.6 billion in revenue including extension options.