CleanSpark Inks $6.6 Billion Data Center Lease in Georgia

The triple-net lease covers 175 megawatts of critical IT load, with power deliveries slated to begin in late 2027. Should the tenant exercise two five-year extension options, the total contract value could climb to $11.6 billion. While the tenant remains anonymous, the deal is framed as the first phase of a broader partnership. As part of the arrangement, the tenant has also signed an exclusivity agreement covering CleanSpark's entire Texas portfolio, which spans 718 acres and holds up to 885 megawatts of power capacity.

CEO Matt Schultz characterized the deal as a validation of the company’s land-and-power strategy, which focuses on waiting for market maturity before securing long-term institutional commitments. Sandersville was selected for the project due to its established energy infrastructure and existing capacity for high-density compute. Local officials, including Mayor Jimmy Andrews, have expressed support for the project, noting the company’s history of contributing to the region’s job market and tax base. CleanSpark expects the project to provide an average annual net operating income contribution of approximately $330 million, with landlord project costs estimated between $10 million and $12 million per megawatt.