Sandersville Lease Signed for AI/HPC Data Center
On July 10, 2026, CleanSpark entered a 20-year triple-net lease for 175 MW of critical IT load at its Sandersville, Georgia campus with a global technology tenant, with deliveries expected to begin in Q4 2027. The transaction also included a letter of intent for up to 885 MW across its Texas portfolio.
Bitcoin Mining Metrics Declined
Average operating hashrate dropped to 42.6 EH/s from 45.3 EH/s a year ago, while CleanSpark’s share of the global hashrate fell to 4.36% from 5.14%, as rising global competition reduced Bitcoin mined to 1,920 from 2,012.
Mining Profitability Turned Negative on Full-Cost Basis
The direct cost to mine one Bitcoin including depreciation and financing rose to $96,277, exceeding the average revenue per Bitcoin of $71,692. Direct energy costs alone were 61.9% of revenue, up from 45.4% a year earlier.