CleanSpark Inc. (NASDAQ:CLSK) shares are trading flat Wednesday morning. The company earlier announced a 20-year triple-net lease agreement at its Sandersville, Georgia campus with a global technology firm.
- CleanSpark shares are consolidating. What’s the outlook for CLSK shares?
CleanSpark’s Sandersville Data Center Deal
The contract delivers 175 MW of critical IT load with deliveries starting in fourth-quarter 2027, generating an expected $6.6 billion in contracted revenue.
If two five-year extension options are exercised, total contract value could reach $11.6 billion, yielding an average annual NOI contribution of roughly $330 million at a near 100% NOI margin.
Strong Mining Operations and Leadership Insights
During July 2026, CleanSpark produced 586 Bitcoin, bringing its calendar year total to 4,310 BTC. The company maintained an operational hash rate of 50 EH/s across 230,507 deployed miners and closed the month with 13,931 BTC in treasury. It liquidated 579 BTC through spot sales and option exercises at an average price of $66,133 per token.
CleanSpark CEO and Chairman Matt Schultz highlighted the strategic shift, noting that “July was a transformative month for CleanSpark with the execution of our first HPC data center lease at our Sandersville campus.”
Schultz emphasized that the deal reflects the company executing on parallel paths by driving mining productivity while commercializing high-performance computing infrastructure and expanding its 1.8 GW power portfolio. CleanSpark will discuss its fiscal third-quarter 2026 results on Thursday, after the market close.
CLSK Shares Pause Wednesday Morning
CLSK Price Action: CleanSpark shares were trading 0.99% higher at $14.32 Wednesday morning, according to Benzinga Pro data.
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