- CleanSpark’s new 20-year infrastructure lease at its Sandersville, Georgia campus is expected to generate approximately $6.6 billion in contracted revenue.
- Other Bitcoin mining companies with growing data center businesses, including Keel Infrastructure, Riot Platforms, Mara Holdings, Hut 8, and HIVE Digital, also rose in morning trade.
- Bitcoin traded largely unchanged around $63,700, while Ethereum outperformed major cryptocurrencies during Tuesday morning’s session.
- Coinbase edged higher while Circle dipped, with investors awaiting the release of a revised CLARITY Act draft later this week.
Shares of CleanSpark led gains among crypto equities on Tuesday morning, pushing other Bitcoin miners pivoting toward data center infrastructure higher as well. The company’s stock rose as much as 20% in pre-market trade and trimmed gains to around 10% after market open.
CleanSpark announced it had entered into a 20-year infrastructure lease agreement directly with a technology company at its Sandersville, Georgia campus. The company added that the lease is expected to generate approximately $6.6 billion of contracted revenue over the initial term, and its entire Texas portfolio is now under exclusivity with the tenant.
Other data infrastructure companies known for Bitcoin mining, such as Keel Infrastructure, Riot Platforms, and Mara Holdings, each rose by about 3% in morning trade. Hut 8 and HIVE Digital each climbed by around 2%.
Bitcoin’s price traded flat over the last 24 hours at around $63,700, underperforming Ethereum, which led gains among cryptocurrencies on Tuesday morning. The largest corporate Bitcoin treasury, Strategy, saw its shares jump by over 3%, while Ethereum treasury Bitmine Immersion Technologies rose nearly over 7%.
The performance of other crypto-linked equities was mixed, with Coinbase shares rising about 1% while Circle dipped over 3% in early-morning trade. Both await the CLARITY Act as their next catalyst, as a fresh draft is expected to be released this week and tabled in the Senate for discussion during the week of July 20.
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