CleanSpark Inc. (NASDAQ:CLSK) last week unveiled its first high‑performance computing data center lease and reported fiscal third‑quarter 2026 earnings, marking a busy stretch for the bitcoin miner.
CleanSpark Secures 20‑Yr HPC Lease in Georgia
On Wednesday, CleanSpark signed its first HPC data center lease, a 20-year triple-net agreement at its Sandersville, Georgia campus expected to generate approximately $6.6 billion in contracted revenue with an unnamed investment-grade global technology company. The 175 MW facility is expected to begin providing capacity in late 2027, marking the Bitcoin miner’s largest move yet into AI infrastructure.
CleanSpark said it has ordered and pre-paid all long-lead items needed to meet the project’s ready-for-service date, and the anticipated equity portion of the project has been fully funded.
“Our recently announced Sandersville lease offers an ideal combination of long-term, durable cash flows and de-risked economic returns for our shareholders,” said Matt Schultz, CEO and Chairman of CleanSpark.
CleanSpark Slips to Loss as Revenue Declines
The following day, CleanSpark reported fiscal third-quarter results, with quarterly revenue of $138.0 million, down 30.5% year-over-year from $198.6 million. The company posted a net loss of $239.8 million, or 89 cents per basic share, compared to net income of $257.4 million a year earlier.
Adjusted EBITDA fell to negative $113.0 million from $377.7 million in the same period last year. CleanSpark ended the quarter with $202.6 million in cash, $814.9 million in Bitcoin holdings, and total assets of $2.7 billion.
“Despite currently challenging bitcoin mining economics, we have a portfolio of scarce, grid-connected power assets and multiple pathways to commercialization,” said Gary Vecchiarelli, President and CFO of CleanSpark.
CleanSpark Shares Edge Higher
CLSK Price Action: At the time of publication, CleanSpark shares are trading 2.50% higher at $11.88, according to data from Benzinga Pro.
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