CleanSpark, Inc. announced on July 14, 2026, that it had entered into a long-term infrastructure lease agreement with a leading global technology company described in the disclosure as carrying a high investment grade credit profile. The lease covers data center infrastructure at CleanSpark's Sandersville, Georgia campus, supporting 175 megawatts of critical information technology load, and carries an initial term of 20 years structured as a triple net lease. In connection with the lease, the same tenant also executed a letter of intent and exclusivity arrangement covering 718 acres of CleanSpark's Texas portfolio, with up to 885 megawatts of secured and planned power capacity. Investors in CleanSpark's common stock (NASDAQ: CLSK) and redeemable warrants (NASDAQ: CLSKW) may be watching how the company satisfies the financing, construction, and delivery milestones required under the agreement.

Key Points

  • NASDAQ: CLSKW (redeemable warrants); common stock trades as NASDAQ: CLSK
  • CleanSpark entered into a 20-year triple net infrastructure lease with a high investment grade global technology company for its Sandersville, Georgia campus supporting 175 MW of critical IT load
  • The lease was executed on July 10, 2026, with the press release issued on July 14, 2026; the tenant holds two five-year extension options and the lease includes annual escalators
  • A related letter of intent and exclusivity arrangement covers 718 acres of CleanSpark's Texas portfolio with up to 885 MW of secured and planned power capacity; the company must satisfy specified financing, construction, and delivery milestones or risk rent abatements or lease termination

CleanSpark Executes Infrastructure Lease at Sandersville, Georgia Campus

CleanSpark, Inc., a Nevada-incorporated company headquartered in Henderson, Nevada, disclosed on July 14, 2026, that it had entered into an infrastructure lease agreement with a leading global technology company. The tenant is described in the disclosure as having a high investment grade credit profile, though the tenant's identity was not disclosed in the filing. The lease was formally executed on July 10, 2026, and covers data center infrastructure at the company's Sandersville, Georgia campus.

The Sandersville campus arrangement supports 175 megawatts of critical information technology load, as stated in the disclosure. CleanSpark is incorporated in Nevada and lists both common stock (CLSK) and redeemable warrants (CLSKW) on The Nasdaq Stock Market LLC. The company's redeemable warrants are each exercisable for 0.069593885 shares of common stock at an exercise price of $165.24 per whole share, as specified in the securities registration section of the disclosure.

Triple Net Lease Structure and 20-Year Initial Term

The lease is structured as a triple net lease, meaning all costs, charges, indemnities, and expenses of every kind and nature will be paid by the tenant, as the filing explicitly states. This structure is notable because it transfers the financial burden of operating costs, maintenance, and related expenses away from CleanSpark as the landlord and onto the tenant throughout the lease period.

The initial term of the lease is 20 years, and the agreement includes annual escalators, though the specific escalation rates or formula were not disclosed in the filing. In addition, the tenant holds two options to extend the term for five years each, providing the potential for a total arrangement spanning up to 30 years if both extension options are exercised. The company did not disclose the total financial value of the lease in the filing.

Milestone Obligations and Conditions Binding CleanSpark

The filing makes clear that the lease imposes specific obligations on CleanSpark, not only on the tenant. The company is required to satisfy specified financing, construction, and delivery milestones as well as other covenants and conditions as set out in the agreement. These requirements place a defined performance framework on CleanSpark for the duration of the lease's build-out and delivery phase.

Failure to timely satisfy applicable milestones may result in rent abatements or termination of the lease, according to the disclosure. This represents a meaningful operational and financial risk for the company. Investors may wish to monitor CleanSpark's progress against these milestones, as non-performance could reduce or eliminate anticipated lease revenues from this arrangement. The company did not disclose a specific timeline for milestone completion in the filing.

Letter of Intent and Exclusivity Arrangement Covering Texas Portfolio

In connection with the Sandersville lease, the disclosure states that the same tenant executed a letter of intent and exclusivity arrangement covering 718 acres of CleanSpark's Texas portfolio. This Texas arrangement involves up to 885 megawatts of secured and planned power capacity, as stated in the filing. The letter of intent is a separate but related arrangement to the executed lease.

The filing does not specify the precise terms, financial structure, or conditions attached to the Texas letter of intent and exclusivity arrangement beyond the acreage and power capacity figures. A letter of intent is generally a preliminary agreement and does not carry the same binding force as an executed lease, and the filing does not characterize the Texas arrangement as a finalized contract. The company did not disclose additional financial terms for the Texas arrangement in the filing.

Identity of the Tenant and Credit Profile Disclosure

CleanSpark did not identify the tenant by name in the filing. The disclosure describes the counterparty only as "a leading global technology company with a high investment grade credit profile." The decision not to name the tenant is not explained in the current disclosure, and investors should note that the identity of the counterparty remains undisclosed based on the information provided in this report.

The characterization of the tenant as carrying a high investment grade credit profile may be relevant to investors assessing the creditworthiness and reliability of the anticipated lease payments over the 20-year term. However, since the tenant's name and specific credit rating were not disclosed, investors cannot independently verify this characterization using only the information contained in the filing. The company did not disclose additional details about the tenant's identity or financial standing in the filing.

Regulation FD Disclosure and Press Release Exhibit

The disclosure was made under Item 7.01 Regulation FD Disclosure, with a copy of the press release dated July 14, 2026, furnished as Exhibit 99.1 to the report. The filing clarifies that the information furnished under Item 7.01 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section unless expressly incorporated by specific reference in a subsequent filing.

The material terms of the lease itself were disclosed under Item 8.01 Other Events, which carries a different status under securities law than a Regulation FD furnishing. Investors reviewing this disclosure should be aware that Exhibit 99.1, the full press release, was incorporated by reference into Item 7.01 and may contain additional context, though no additional financial figures from the exhibit were cited within the body of the current report. The company did not disclose revenue projections or earnings guidance in connection with this announcement.

CleanSpark's Infrastructure Portfolio: Georgia and Texas Assets

The filing provides specific details about two distinct geographic footprints within CleanSpark's infrastructure portfolio. The Sandersville, Georgia campus is the site of the executed lease, supporting 175 megawatts of critical information technology load. The Texas portfolio, referenced in the letter of intent, encompasses 718 acres with up to 885 megawatts of secured and planned power capacity.

CleanSpark's principal executive offices are located at 10624 S. Eastern Ave., Suite A-638, Henderson, Nevada 89052, as stated in the filing. The company is incorporated in Nevada and operates under Commission File Number 001-39187, with IRS Employer Identification Number 87-0449945. The filing was signed on behalf of the company by Gary A. Vecchiarelli, President and Chief Financial Officer, on July 14, 2026.

Securities Registered on Nasdaq: Common Stock and Redeemable Warrants

CleanSpark has two classes of securities registered on The Nasdaq Stock Market LLC. The first is common stock with a par value of $0.001 per share, trading under the symbol CLSK. The second is redeemable warrants trading under the symbol CLSKW, with each warrant exercisable for 0.069593885 shares of common stock at an exercise price of $165.24 per whole share, as specified in the filing.

The redeemable warrant structure means that CLSKW holders have the right, but not the obligation, to convert their warrants into fractional common stock interests at the stated exercise price. The filing confirms that CleanSpark is not classified as an emerging growth company under Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. The immediate share price impact of this announcement was not clear from available public information.

Signing Authority and Corporate Authorization

The disclosure was executed and submitted by Gary A. Vecchiarelli in his capacity as President and Chief Financial Officer of CleanSpark, Inc. The report was signed on July 14, 2026, which is the same date as the press release announcing the lease arrangement. The filing indicates that Vecchiarelli was duly authorized to sign on behalf of the registrant pursuant to the requirements of the Securities Exchange Act of 1934.

The dual role of President and Chief Financial Officer held by the signatory is noted in the filing without further elaboration on corporate governance arrangements. No additional executive officers, directors, or board resolutions were referenced in the body of the report in connection with the authorization of the lease or the letter of intent. The company did not disclose additional details about the board approval process for these transactions in the filing.