Svmuu News: Cleanspark has signed a 20-year triple-net lease agreement covering 175 MW of critical IT load at its Sandersville, Georgia, campus, which is expected to generate $6.6 billion in contract revenue. Delivery is expected to begin in the fourth quarter of 2027, with the lessee being an undisclosed global technology company.
The agreement includes two 5-year extension options; if both are exercised, the total contract value is expected to rise to $11.6 billion. Cleanspark expects the lease to contribute approximately $330 million in average annual net operating revenue, with landlord project costs estimated at $10 million to $12 million per megawatt of critical IT load.
The same lessee has also signed a letter of intent and an exclusive arrangement covering Cleanspark’s entire Texas portfolio. This portfolio spans 718 acres and includes up to 885 MW of secured and planned power capacity, encompassing the Sealy and Brazoria sites.