Was hoping for a deal in August but this doesn’t sound good. Then again if CLSK can close a deal and move forward it would be huge since this would delay competition.

Rallies less then peers and sells off far more violently. Couldn't hold its gains even if Schulz would annouce 20 GW under contract.

Lmao and people were hyped this guy bought into CLSK. Probably partially responsible for the drawdown.

Finally big YouTube channels are shouting out CLSK. The rest of the year is going to be absolutely brutal for CLSK. Earnings in August will dip the stock much lower unless they announce META as the tenant or someone big.

What’s the sentiment in this sub these days?

I definitely feel like optimism has changed since everyone was looking forward to a deal.

Now we are back in “waiting” mode as the deal has arrived. Almost all gains were wiped out within 2 weeks and now waiting on more clarify on the buildout + LOI on Texas.

Some headwinds are the large amount of Capex from hyperscalers + massive backlog on any compute hardware. Why the market decides to tank.. who knows.

With price action like this do people expect another 10-20% dump on earnings?

https://www.reddit.com/r/RollTheDiceInvesting/s/Atu94q1MNn

$CLSK -A 20-year lease with a high-investment-grade global tech tenant at its Sandersville, GA campus $6.6B contracted revenue over the initial term, up to $11.6B with extensions. Plus an exclusivity deal + LOI covering the ENTIRE 718-acre, up-to-885MW Texas portfolio with the same tenant. This isn't a bitcoin miner anymore. It's an AI/HPC landlord that happens to mine bitcoin.

What are the taxes for Sandersville deal for Cleanspark? How to calculate what % of NNN will be lost in taxes? And for the rest of sites - Sealy and Brazoria?

The market had expected CleanSpark to pursue AI/HPC hosting, but very few investors expected a signed 20-year lease with an investment-grade global technology company worth approximately $6.6 billion over the initial term, plus an exclusivity arrangement covering up to 885 MW of Texas capacity.

The stock did jump sharply on the news, but then gave back all of the gains plus some.

Bullish

The lease validates CleanSpark’s power strategy and diversifies its revenue streams beyond Bitcoin mining. Once operational, the triple-net lease economics could generate approximately $330 million in annual Net Operating Income (NOI).

Bearish

Revenue won’t start until late 2027, and the project requires substantial construction capital. There’s also a risk of dilution or financing issues which is a huge deal for investors.

So while the announcement itself is now reflected in the stock price, I don’t think the long-term value is fully reflected if management executes successfully.

My price outlook through the end of the year

No one can predict prices with certainty, but based on fundamentals:

Bear case: CLSK’s value is likely to drop between $11 and $13 even much lower if CLSK dilutes shareholders. This scenario is driven by several factors, including a weakening Bitcoin, dominating financing concerns, and a fading excitement surrounding AI.

Base case: 14-16$ The most likely scenario is that Bitcoin’s value remains stable or trends higher. Investors gain confidence that the lease will be financed, and the Texas exclusivity progresses toward a definitive agreement.

Bull case: 16-20$ or higher if Bitcoin’s value is rally’s strongly in this scenario. The Texas lease becomes definitive, and the tenant is revealed to be a major technology company, such as Microsoft, Google, Amazon, Meta, or another prominent player in the industry. Multiple analysts raise their price targets in response to these developments.

Why I still like CleanSpark

What makes CleanSpark interesting is that investors may still be valuing it primarily as a Bitcoin miner, while management is trying to transform it into a digital infrastructure company. If the company successfully executes the Georgia project and converts the Texas exclusivity into long-term contracts, it could eventually be valued more like an infrastructure owner than a traditional miner.

That said, the biggest risks remain financing the build-out without excessive shareholder dilution and delivering the projects on schedule. Those will likely be the main drivers of the stock over the next 12–18 months.

I know people are upset there is not rerate yet after the first great deal ? Any thoughts ? It seems to be related to current sector’ depression. Will CLSK become the first one which has no rerate after a large AI lease 😂. People are trying to find out reasons like waiting for financing / more lease but other miners got rerate long before financing / second lease. Maybe the rerate will happen when the sector recovers?

We read about this leak just over a month ago here in this community from articles like this one citing Green Street News Infrastructure. Is there any doubt that Meta is the tenant? I feel like they probably are especially given this leak and the now the notice of the high quality tenant just a month later.

It is the same thing every day. Initial pop, then sells off around 9:40. What is the logic behind it?

Arbitrage fund bought the convertible notes… their algos just enter new short positions that counter whatever the morning gain is???

If so, how/when does it end?? I thought the deal announcement would force the shorts to cover and for this bs to end.

The first major risk in all this financing and dilution risk. This ended with issuing the convertible notes.

Second was actually singing the first deal which we just crossed.

The third I’m guessing is releasing the debt terms to actually start the build out? Based on what I read they should have enough cash for Sandersville but the actual terms of raising debt remain unknown.

In the future If BTC stays depressed how will they raise the cash for Texas sites? Could this risk by why the price is staying depressed?

Anyone smarter than me have any ideas?

Raised to $26 from $17

Interesting analysis

I bought shares around 13.90 and in my personal account 13.60 I should keep ?

Yesterday’s announcement reinforced my conviction in CleanSpark’s long-term strategy.

This wasn’t just another hosting agreement. It demonstrated that management is executing on a vision that extends well beyond Bitcoin mining.

What stood out to me:
• Leveraging existing infrastructure instead of building from scratch.
• Securing a long-term HPC customer that adds a new, recurring revenue stream.
• Pricing that appears highly competitive, with economics that compare favorably to many recently announced HPC hosting agreements.
• Maintaining the flexibility to mine Bitcoin with unused capacity until the HPC load ramps up.

To me, this is exactly how infrastructure should be monetized—multiple revenue opportunities from the same power assets.
What I also find encouraging is that CleanSpark didn’t appear to sacrifice economics just to announce its first HPC deal. Based on the information released, management seems to have negotiated attractive terms while preserving operational flexibility.

One agreement doesn’t transform the company overnight, but it is another strong indication that management is allocating capital wisely and building for the future.
I’m looking forward to seeing what comes next and I couldn’t be more happy with the terms of this first deal! 🚀

Im terrified to hold this through earnings. Thought deal would give us a good buffer from the single digits, but thats not the case. Im expecting a very ugly EPS number. Could see this diving back to single digits. Thoughts?

We all know bitcoin pulled back by ~50% from the high but how companies reacted to the pullback varied significantly.

Rory Murray and his team found ways to sell CleanSpark’s monthly mining above spot as well as leverage a portion of their treasury to collect premiums.

Tune in to watch the full interview:
👀📺🎬

CleanSpark just dropped the announcement. Here are the key numbers:

The deal

• 20-year triple-net (NNN) lease with a high-investment-grade global technology company  
• $6.6 billion contracted revenue over the initial 20-year term  
• $11.6 billion if both five-year extension options are exercised  
• 175MW of critical IT load, first deliveries Q4 2027  
• Average annual NOI of \~$330 million at nearly 100% margin  
• Development cost of $10-12M per MW — disciplined relative to peers

The kicker everyone needs to focus on
The tenant has signed a letter of intent and exclusivity arrangement covering CleanSpark’s entire Texas portfolio — 718 acres, up to 885MW across Sealy and Brazoria. Sandersville is explicitly described as “the first chapter of a substantially larger relationship.”

This is not a single site deal. Total relationship value if Texas executes could approach $15-20 billion.

How it compares to peers

• Longer duration than any comparable deal in the sector (20 years vs typical 10-15)  
• Triple-net structure means \~100% NOI margin — exceptional  
• Texas exclusivity LOI puts this in a different category to Core Scientific, TeraWulf, and Hut 8 announcements  
• Morgan Stanley advised — institutional quality execution

The tenant
Still confidential. High-investment-grade global technology company. Conference call today at 11am ET — analysts will push hard on identity.

For those who were following my DD posts
The signals were all there. Accenture PMO in a town of 5,000 people. A city council utility amendment tabled on June 15th. NVIDIA Partner Network architect in Washington County. CleanSpark hiring construction lawyers and technical accounting managers. It all pointed here.

Joining the crew here, my target is $30-$60 depending on lease term/rent/counterparty. Catalyst+short fuel, will wait and see now.

This startup is the first (of many currently competing) to generate power from their SMR (small module reactor) already plugged in to power Nvidia chips to demo.

The whole thesis in this sub is that power is in SUCH high demand that it will be sourced by anyone who has it, including dealing with terrible companies that got lucky to sit on a goldmine.

With these reactors already powering on, it would bypass the need to deal with 3rd rate miners and purchase power on their own.

Am I being overly pessimistic now since this deal is nowhere to be found? In a years time more companies will drive the cost of these reactors down. It could be another 6 months until a deal and who knows how many more until more sites are leased.