CleanSpark Signs $6.6 Billion Lease for Georgia Data Center Amid Shift Toward AI Infrastructure
CleanSpark has signed a long-term triple-net lease worth $6.6 billion for its Sandersville, Georgia site to develop an AI data center. The facility is expected to generate $330 million annually in revenue and includes a fully energized substation capable of supporting up to 250 megawatts. Executives highlighted that the availability of existing power infrastructure gives former Bitcoin miners like CleanSpark a competitive edge as they pivot toward high-margin AI data center operations. The transition from cryptocurrency mining to AI colocation, cloud services, and GPU-as-a-service is gaining momentum due to higher revenue potential per megawatt. However, development costs for direct-liquid-cooled facilities have surged to $12–$13 million per megawatt by 2027, driven by rising labor and equipment expenses. Executives warned that while AI demand appears strong, many proposed projects may lack confirmed power or financing. Bitcoin mining remains a key source of interim cash flow for companies transitioning into the AI space. The move reflects broader industry trends where firms leverage existing infrastructure to attract hyperscalers and cloud operators seeking rapid deployment solutions.
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Topics: AI data centers Bitcoin mining transition CleanSpark digital infrastructure triple-net lease