Bitcoin News

Story: CleanSpark Secures $6.6 Billion Lease, Eyes AI Beyond Bitcoin

By Evie Vavasseur

1 / 15

From Bitcoin Mining to AI Data Centers. CleanSpark recently announced its intention to redirect part of its electrical capacity and mining…

2 / 15

50 Exahashes Per Second and 13,924 Bitcoin in Reserve. Meanwhile, the mining side is operational. CleanSpark produced 614 Bitcoin in early July, bringing…

3 / 15

Wall Street Partially Convinced. Analysts have generally received the announcement well.

4 / 15

CleanSpark makes a significant move. The Nasdaq-listed Bitcoin mining company has signed a 20-year infrastructure lease with a global tech firm — whose name remains confidential…

5 / 15

The contract covers infrastructure capable of supporting 175 megawatts of critical computing load. In terms of numbers: $6.

6 / 15

This is the biggest shift for CleanSpark since its inception.

7 / 15

CleanSpark recently announced its intention to redirect part of its electrical capacity and mining infrastructure towards data centers for artificial intelligence.

8 / 15

And there’s more. In parallel, the unnamed tenant has signed a letter of intent and an exclusivity agreement covering CleanSpark's entire Texas portfolio.

9 / 15

But it's still a letter of intent. Not a contract. The distinction matters.

10 / 15

Meanwhile, the mining side is operational. CleanSpark produced 614 Bitcoin in early July, bringing its operational hash rate to 50 exahashes per second — a record for the company.

11 / 15

Cash reserves have climbed to 13,924 Bitcoin. It is one of the largest reserves among public miners.

12 / 15

Read also: Bitcoin RSI Approaches Zero as Traders Anticipate Bear Market Floor in 2026

13 / 15

So CleanSpark is playing on two fronts: mining Bitcoin, keeping it, and leasing its infrastructure to tech giants for AI.

14 / 15

See also: CryptoQuant Flags Whale Accumulation and Profit Signals as Bitcoin Wobbles

15 / 15

Analysts have generally received the announcement well. Citizens initiated coverage with an outperform rating and a price target of $27, highlighting the transition to…

The Currency Analytics

Want the full story?