CleanSpark signed a 20-year, $6.6 billion lease for a data center in Georgia with an undisclosed technology company. The Bitcoin miner saw its shares rise after the announcement.
CleanSpark, a Bitcoin mining firm, has entered into the long-term agreement for the facility.
The lease covers 20 years and totals $6.6 billion in value.
The counterparty remains unnamed in the deal.
Shares in the company increased following the signing.
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Hut 8 announced a 15-year lease valued at $9.8 billion for a large-scale AI data center in Texas, sending its shares up nearly 30 percent on Wednesday. The deal covers 352 megawatts of capacity at the company's Beacon Point campus and includes options that could raise the total value to $25.1 billion.
CleanSpark posted a net loss of $378.3 million for the quarter ending March 31, more than double the prior year's figure, as a non-cash bitcoin adjustment weighed on results.
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TeraWulf has signed a 20-year lease to provide AI infrastructure to Anthropic. The agreement is expected to generate $19 billion in revenue. Bitcoin mining stocks rose after the announcement.
CoreWeave has secured over 20 billion dollars in debt and equity financing this year. The latest deal includes a 3.1 billion dollar loan backed by graphics processing units. This activity highlights strong investor interest in AI infrastructure.
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Sunrun, Tesla, and Renew Home announced an agreement to aggregate more than 16 gigawatts of home batteries and devices into the largest distributed power plant in the US. The project targets surging electricity demand from data centers. Sunrun shares rose as much as 26 percent following the announcement.
Google has agreed to purchase all power from a large solar and battery facility in Arkansas to help offset emissions from its data centers.
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Google has expressed interest in purchasing an industrial plot in Torsboda for 911 million kronor. The facility could become one of the largest in Europe but raises concerns about higher electricity prices.