CleanSpark’s $6.6 Billion Data Center Move: 20-Year Lease Agreement

CleanSpark is accelerating its data center transformation with a $6.6 billion, 20-year lease agreement signed with an unnamed tech company for its campus in Sandersville, Georgia, while July production for three publicly traded Bitcoin miners declined for the second consecutive month.

Bitcoin mining company CleanSpark entered into an agreement with an unnamed tech company to utilize its Sandersville campus in Georgia for data center operations. The total value of the contract was announced as $6.6 billion, with a duration of 20 years. This highlighted the company’s steps toward becoming a broader data center operator alongside Bitcoin mining.

While the agreement was being announced, the production front showed signs of weakness. CleanSpark produced 586 BTC in July, a decline of approximately 5% from the 614 BTC produced in June. BitFuFu’s production dropped from 125 BTC to 112 BTC, a decrease of about 10%, while Canaan fell from 64 BTC to 46 BTC, representing a 28% loss. The production of these three companies declined for the second month in a row, despite Bitcoin’s price recovering in July following June’s sharp sell-off.

CleanSpark stands out with its data center deal

CleanSpark’s production decline occurred alongside a roughly 9% decrease in average hashrate—the processing power of mining hardware—compared to June. The company produced an average of 18.9 BTC per day throughout July. Holding 13,931 BTC at the end of the month, CleanSpark ranked 10th on the list of the largest publicly traded Bitcoin treasuries. The Sandersville campus has been placed at the heart of the company’s new data center strategy with the 20-year contract.

At BitFuFu, the total managed hashrate fell by approximately 7%, with the decline stemming entirely from the cloud mining segment. The company’s self-mining production using its own hardware rose to 72 BTC, while cloud mining dropped to 40 BTC. BitFuFu used a portion of its Bitcoin holdings to prepay for future hashrate capacity, causing its treasury to fall from 1,671 BTC to 1,314 BTC. Meanwhile, Canaan reported that its joint mining operations have stabilized following fire-related outages at the Alborz site in Texas.