other material
confidence high
sentiment positive
materiality 0.85
Zone Frontier signs 30-year ground lease for 4,077-acre Texas data center campus
CleanCore Solutions, Inc.
- Ground Lease covers ~4,077 acres; Zone may designate 200-800 acres for data center and at least 1,800 acres for solar and battery storage.
- Base rent: $6,000/acre/year for data center site, $1,000/acre/year for solar site; rent begins only upon construction start on each area.
- Purchase option: $100,000/acre before on-site power commercial operation, or $135,000/acre after; revenue share 0.5% of data center revenue, eliminated upon purchase.
- Initial term is 30 years with two 10-year extension options; $250,000 earnest deposit; conditions include 200 MW firm service and water commitments.
- Developed in partnership with HST Technologies; Zone's Minnesota campus has a 10-year Cerebras Systems (CBRS) colocation agreement, with revenue expected in 1H 2027.