Shares of CleanSpark surged 22% on Tuesday after the bitcoin miner announced a 20-year lease on a data center in Georgia, signaling its continued expansion into digital infrastructure beyond cryptocurrency mining.<\/p>\n
CleanSpark said it signed a 20-year, triple network lease with an undisclosed global investment-grade technology company for a 175-megawatt data center at its Sandersville, Georgia, campus. The company expects the deal to generate about $6.6 billion in contract revenue over the initial term, rising to $11.6 billion if the lessee exercises two five-year extension options.<\/p>\n
Under the agreement, the tenant will install computing infrastructure at the site, with phased deliveries to begin in the fourth quarter of 2027.<\/p>\n
The deal is the latest sign of CleanSpark’s drive to diversify beyond its core bitcoin mining business and capitalize on growing demand for artificial intelligence and high-performance computing infrastructure. Despite the shift, CleanSpark remains one of the largest public bitcoin holders. <\/p>\n
Over the past year, CleanSpark has gradually accumulated bitcoins. Source: <\/em>BitcoinTreasures.NET<\/em><\/a><\/p>\n Shares of CleanSpark ( CLSK ) hit an intraday high of $15.10 before paring some of the gains at midday in the US. Shares are up about 11% recently, compared with less than a 1% gain for the CoinShares Bitcoin Miners ETF ( WGMI ) sector.<\/p>\n On the topic: <\/strong><\/em>Crypto Biz: Bitcoin Maximalism Meets the Realities of Capital Markets<\/strong><\/em><\/a><\/p>\n CleanSpark’s expansion comes at a time when bitcoin miners are facing mounting pressure from a weaker mining economy, including declining revenues and lower profit margins after the halving in 2024. In March, the company reported net loss in the second fiscal quarter<\/a> in the amount of 378 million dollars, with almost 60% of the losses coming from the decline in the value of Bitcoin. <\/p>\n In February, the company named after sold some of his BTC holdings<\/a> to help fund operations and growth initiatives.<\/p>\n However, the company showed better results than many of its peers. While several miners sold a significant portion of their Bitcoin holdings to shore up liquidity, CleanSpark remained a pure accumulator. How This is reported by Cointelegraph<\/a>public miners sold approximately 15,000 BTC between October and the end of February.<\/p>\n It is expected to report fiscal Q3 results on Aug. 6 with analysts’ consensus estimate of a loss of $0.25 per share, compared with a profit of $0.79 in the same quarter last year, according to Yahoo Finance. It has missed Wall Street estimates for the past three quarters in a row. <\/p>\n![\"\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-2029.png\")
<\/figure>\n<\/p>\nBitcoin miners are looking for new sources of income<\/h2>\n