other material
confidence high
sentiment positive
materiality 0.80
CleanCore forms JV for 55 MW data center; signs $800M colocation deal with Cerebras
CleanCore Solutions, Inc.
- 10-year colocation agreement with Cerebras (CBRS) for 40 MW critical IT load; initial contract value ~$800M, potential >$3B with renewals.
- ZONE holds 79% interest in JV; will contribute up to $500M in capital; initial $40M due at closing.
- Project designed to Tier 3 standards; 20 MW already energized; remaining capacity online by Q1 2027 with revenue starting then.
- Development partner (PartnerCo) holds 21% interest; receives $1M in ZONE stock, milestone payments, and performance bonuses.
- Second AI campus announced; total development pipeline up to over 500 MW across U.S. markets.