CLSK

CleanSpark, Inc. pivots from Bitcoin mining to AI infrastructure, highlighted by a $6.6 billion, 20-year lease with a high-grade tenant, but revenue starts in Q4 2027. CleanSpark's mining business is shrinking, with Q3 2026 revenue down 30.5% YoY and hashrate growth stalled, while AI capacity remains non-revenue generating. Liquidity of $917 million provides near-term funding, but substantial capital outlays are required before lease payments begin, exposing CLSK to execution and bitcoin price risk.

Crypto-linked equities are outrunning the coins in Tuesday morning trade. The CoinShares Bitcoin Mining and Digital Power ETF (NASDAQ:WGMI) is up 4% to $46.55, while the iShares Bitcoin Trust ETF (NASDAQ:IBIT) is up 0.6% to $44.92.

A rare split is opening up inside the Bitcoin (CRYPTO:BTC) miner cohort on Friday, and it isn't about the coin.

Bitcoin jumped 4.6% to $72,475.25 – a roughly 12% gain over the past two days after the digital asset was trading near $63,000 earlier this week.

Cryptocurrency and blockchain-related stocks surged in premarket trading on Thursday after U.S. President Donald Trump urged Congress to ​pass legislation establishing clear rules for the digital asset sector, ‌following a White House meeting with industry executives.

The public's data-center revolt spreads

Shares of Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) are down 6% to $19.36 in Monday midday trading, joined by MARA Holdings (NASDAQ:MARA) falling 6% to $9.52 and CleanSpark (NASDAQ:CLSK) sliding 5% to $11.69.

CLSK's Sandersville lease anchors its AI data center pivot, with $6.6B in contracted revenues and debt-led financing planned without new equity.

Signed 20-year $6.6 billion triple-net lease at Sandersville with high investment-grade tenant Ordered and pre-paid all long-lead items to meet Sandersville RFS date Anticipated equity portion of Sandersville project has been fully funded LAS VEGAS, Aug. 6, 2026 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), a market leading data center developer, today reported financial results for the quarter ended June 30, 2026. CleanSpark CEO and Chairman Matt Schultz commented, "We continue to successfully execute on our strategic evolution to a diversified digital infrastructure platform.

CLSK expects lower Q3 revenues and EPS as Bitcoin volatility, rising costs and network difficulty weigh on results.