CleanSpark Secures $6.6 Billion Lease and Reports Third Quarter 2026 Financials
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Key Takeaways
- Finalized a 20-year triple-net lease at the Sandersville site worth $6.6 billion with a high investment-grade tenant.
- Reported $761 million in working capital and $814.9 million in total bitcoin holdings as of June 30, 2026.
- Completed equity funding and equipment pre-payments for the Sandersville project to ensure operational readiness.
- Operates a digital infrastructure portfolio exceeding 1.8 GW of power capacity across the United States.
CleanSpark (Nasdaq: CLSK) disclosed its financial performance for the quarter ending June 30, 2026. A central component of the report was a new 20-year triple-net lease at the Sandersville location. This $6.6 billion contract with a high investment-grade tenant marks a shift toward diversifying the company's digital infrastructure holdings.
To support the Sandersville development, the firm has already paid for all long-lead equipment. Management stated that the equity requirements for the project are fully funded, a move intended to protect the company's liquidity while meeting the scheduled service dates.
Financial data for the period shows working capital of $761 million. The total value of the company's bitcoin holdings, including assets held as collateral and non-current holdings, reached $814.9 million by the end of June.
The company's current asset base includes more than 1.8 GW of power capacity and data center facilities. These resources are positioned to serve the bitcoin mining sector as well as high-performance computing and artificial intelligence industries.
