CleanSpark climbs 10.67% as AI leasing deals sweep miners
What's the deal? CleanSparkDealroom has a profile for this one. Try Dealroom → (NASDAQ:CLSK) shares rose 10.67% on 20 July 2026 to close at $14.42, lifted by a wave of multi-billion-dollar AI leasing deals across the Bitcoin mining sector. The Georgia-based company mines Bitcoin but is now pushing into AI data center infrastructure.
Why now? In mid-July 2026, CleanSpark signed a 20-year infrastructure leasing deal with an unnamed high-investment-grade tenant, worth an initial $6.6 billion in contract revenue. Two optional five-year extensions could raise total leasing revenue to $11.6 billion.
What's the endgame? Under the agreement, the tenant will deploy production-grade infrastructure at CleanSpark's Sandersville campus in Georgia. The deal marks one of the firm's most strategic milestones to date, shifting investor focus beyond Bitcoin mining toward AI data centers, where demand for power and computing capacity outpaces supply.
The peers: On 20 July 2026, Hut 8Dealroom has a profile for this one. Try Dealroom → clinched a $9.8-billion, 15-year leasing deal with an existing high-investment-grade customer, lifting its total lease to 704MW from the second phase of its Beacon Point data center in Nueces County, Texas. The same day, IREN signed $2.8 billion in new AI cloud deals, pushing its annualized run-rate revenue to $4 billion.
IREN's customers now include Microsoft, NVIDIA, Perplexity, Figure AIDealroom has a profile for this one. Try Dealroom →, and Together AI, across bare metal and managed cloud services.
Conviction jump: Institutional investors have grown more bullish on CleanSpark. Data from Insider MonkeyDealroom has a profile for this one. Try Dealroom → showed 37 hedge funds held positions as of Q1 2026, up from 32 the quarter prior.
The signal: The back-to-back deals reinforce bullish sentiment across AI infrastructure, showing that hyperscalers and AI developers keep committing billions to long-term computing capacity — despite broader concerns over the sustainability of aggressive AI spending.
Read more: Yahoo Finance
Image credit: U.S. Army Combat Capabilities Development Command
