On July 21, CleanSpark rose 8.08% in regular trading, trading at $15.57/share, with turnover of $212 million. The stock continues to benefit from the momentum generated by its landmark data center lease agreement and sector-wide strength in bitcoin mining and data center stocks.
On the news front, CleanSpark recently announced a 20-year infrastructure lease agreement with a high investment-grade global technology company covering 175 megawatts of critical IT load at its Sandersville, Georgia campus. The triple-net lease is expected to generate approximately $6.6 billion in contracted revenue over the initial term, with two five-year extension options that could increase total value to approximately $11.6 billion. Deliveries are expected to begin in Q4 2027. Additionally, the tenant signed a letter of intent and exclusivity agreement covering CleanSpark's Texas portfolio, which includes up to 885 MW of secured and planned power capacity.
Analyst firms remain constructive, with Macquarie maintaining an Outperform rating with a $22 target and Chardan holding a Buy rating with a $19 target. Peers IREN and Strategy gained 4.43% and 5.02% respectively on the session.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments