secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2026-07-14T10:05:25+00:00
Accession:  0001193125-26-302448
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark signs 20-year, $6.6B lease with high-grade tech tenant for 175 MW Georgia data center
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- Triple-net lease with annual escalators; initial term 20 years, two 5-year extensions; total potential value $11.6B.
- Tenant (confidential, high-investment-grade) will lease 175 MW critical IT load at Sandersville, GA; deliveries expected Q4 2027.
- Expected cumulative NOI contribution margin nearly 100%, average annual NOI ~$330M; landlord project costs $10-12M per MW.
- Tenant also signed LOI and exclusivity covering CleanSpark's entire Texas portfolio: 718 acres, up to 885 MW secured/planned power.
- Morgan Stanley acted as financial advisor; Davis Polk as legal counsel; conference call July 14 at 11 a.m. ET.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000119312526302448/0001193125-26-302448-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000119312526302448/clsk-20260710.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-302448

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer