NewsMV
A twenty-year triple-net lease with a high-investment-grade global technology company places $6.6 billion in contracted revenue on CleanSpark's (CLSK) books, with extension options that could lift that figure to $11.6 billion.
The deal covers 175 MW of critical IT load at a data center in Sandersville, Georgia, with capacity deliveries expected to begin in Q4 2027. The tenant has already executed a letter of intent.
The revenue structure Triple-net means the tenant bears property taxes, insurance, and maintenance costs, leaving CleanSpark with revenue that carries fewer operating variables than a gross lease would generate.
That structure shifts the cost-management burden to the tenant for the full duration of the term. Over the base twenty-year period, the contracted total is $6.6 billion.
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