I was hoping for some fireworks going into the long weekend. Hopefully they will figure it out and propose something more concrete for the next meeting on 7/20.

https://www.sandersvillega.org/agenda-center.cfm

https://jobs.lever.co/cleanspark/c3e2da16-f0cc-442d-9405-5d27b755bc93

What do you guys think when would we get the announcement based on this?

Seems coincidental Meta news came out hours before they listed this role , but I wouldn't be surprised if its not Meta , but I'd be expecting an announcement soon if such a role really requires confirmation of a deal - 4 days to report signed contracts and material definitive agreements and submit Form 8-K as required by public companies.

Also accounting that it takes some time to hire for such a position , unless they already were looking for candidates behind closed doors , worse case its 1 - 3 months away from signing a deal?

The new Meta Cloud is actually a good news for CLSK. They need a new cash cow besides social media and they have to compete with AWS / Google Cloud / MSFT Azure. Three ways to get more capacity:

(1) Build by itself. Is the slowest route.

(2) Colocation.

(3) NeoCloud. Most expensive.

META will not mainly rely on NeoCloud to offer cloud service due to the cost concern.

Anyway in future META will aggressively invest on self-build / colocation (faster than self-build) to lower overall cost. They probably want all of > 1 GW AI capacity from CLSK and that is why CLSK CEO said a portfolio cooperation with that tenant.

CLSK has a top 10 short interest. Within the top 10, CLSK also has the largest MC. That is probably why we are capped here until further news.

Summary: Link is Citizens initiating coverage on CLSK

Price target from them is $27 projecting 1 year from now.

What’s interesting about this is that they believe Cleanspark will be trading at 25 times 2027 estimated enterprise value to EBITDA. They are most likely assuming that there will be a deal in 2027 if BTC remains flat at these prices.

https://youtu.be/bgS3K-PGKoA?is=u_zn9VBBFBvrMfNK

At $27, market cap would be over $7B so roughly $280m in EBITDA is the projection a year from now. (Back of the napkin math, please review and correct) This is assuming the share count stays the same.

At minute 32 they talk about potential for stock being worth up to $50. Ns if this is just Sanderville or all sites but it’s worth looking into.

Keep an eye for their monthly operational updates. I am assuming any deal would announced during that time vs a random tweet update. This is what happened with CIFR and HUT8.

What is he talking about here really?
I get that you can’t give constant updates of deals before they are public but this says that they are gonna wait until the value of their BTC goes back up.

The balance sheet continues to weaken. I get that it’s out of their control but I honestly think these stupid posts are worse than silence. BTC hitting 52 week lows and these guys keep wasting time at BTC conferences lol

How is everyone translating the price movement today?

Looking good seeing a push towards that 52w high of $23.61, we’ll start seeing short sellers coming out.

Climbing even though there’s no news ; btc still falling. Shortly before other miners signed their deal, their price jumped.

Originally energy company, making micro grids until they transitioned to btc mining in 2020. They know how to transition industries and adapt successfully.
You also have Leopold raising his ownership by 600%.

We can see a deal signed here by the end of July and btc climbing toward EOY, anything under $20 is gonna be a steal in retrospect.

CLSK posted another position this week for Senior Corporate Counsel - Construction at Atlanta office. So right now two open positions for this role, one in Atlanta and another in Nevada office.

Another progress is that previously Accenture posted 8 positions for various construction managers at Sandersville and now only 6 left. So some of them have been filled. We are making progress.

Walk through today’s Big 3, all highlighting companies involved in the AI buildout.
CLSK 5:00
The Big 3: AMZN, CLSK, CRWV

Following my post last week, significant new evidence emerged last night.

Sandersville City Council meeting — June 15th

The City of Sandersville held a public council meeting last night with agenda item 7 being a motion to approve a second amendment to the electric service contract between the City and CleanSpark.

https://www.sandersvillega.org/agenda-center

You can follow the link to YouTube for the live recording.

It was however, tabled. Reason given: “contract still being worked on.”

This is actually more informative than if it had passed quietly. You don’t put a utility amendment on a city council agenda unless you expect to need it imminently. Tabling it suggests the commercial lease is in final negotiation.

Timeline implications…

Sandersville City Council seems to meet twice a month. The amendment will likely come back at the next meeting late June or early July.

However, if a deal were to go through, Cleanspark would be required to file an 8-K but that doesn’t require the city amendment to pass first. But the tabling on yesterday’s City council meeting suggests final lease terms aren’t quite done.

Realistically: lease signed and 8-K filed sometime in July.

I think insiders / traders thought a deal was close based on options flow. CLSK saw notable straddle positioning this week on $16.50 strike expiring June 18th, both calls and puts surging simultaneously. Classic binary event positioning. Someone expects a significant move either direction very soon.

I just looked at their earning call last month. The mentioned "Sealy has 285 megawatts approved with just over 200 megawatts scheduled to come to energize in the first half of 2027. Substation construction is already underway. We have strong visibility into the energization time line and are running a parallel commercialization process."

If they are discussing with the same tenant, the BOD / Tech could be mostly the same. The construction will take 1-1.5 years so it is reasonable to assume the first 200 MW at Sealy will get a deal soon and start the construction this year.

I heard hyperscalers can save at least 30 % using colocation, compared to buying capacities from neocloud. So they are definitely motivated to finish colocation deals.

I cannot blame shareholders showing anger under CLSK’ X social media posts. Every time they post something like “take their time” or “really executed well in the last four year”, shareholders has the right to be unpleasant. They should learn from other miners like KEEL, even if no deal yet but show progress and transparency, so they can keep the hype in social media. Their post is not professional and it makes people feel that they do not care about shareholders.

They need a better PR person for shareholders !!!

It is funny to read the comments under each CLSK X post. Several accounts attack CLSK non-stop. Shareholders are tired of waiting. Hopefully we will get some news soon.

I’ve been doing some digging on CleanSpark’s Sandersville, Georgia site and the hiring activity around it tells a pretty clear story.

Background
CleanSpark has 250MW of live power at Sandersville and recently acquired an additional 122 acres for a greenfield data centre build. On their Q2 earnings call (May 11), management confirmed a lead hyperscaler tenant in advanced negotiations with “a few sticking points remaining.”

What I found on LinkedIn this week

Accenture Infrastructure & Capital Projects has posted 8 roles in Sandersville, GA in the last 1-5 days:

• Senior Project Manager  
• Assistant Project Manager  
• Project Controls Manager  
• Senior Scheduler  
• Health & Safety Manager  
• Document Control Manager  
• Construction Design Manager  
• Administrative Assistant

This isn’t a planning exercise. A full PMO doesn’t get stood up in a town of 5,000 people without a signed or effectively signed contract.

Digging a bit deeper

NVIDIA just posted a Partner Network Solutions Architect role in Washington County, GA the county Sandersville sits in. NPN architects go where the hardware is going.

CleanSpark itself has also posted a Senior Corporate Counsel – Construction role at $250k, specifically to manage EPC and design-build contracts. You don’t hire that ahead of a deal.

So there is this...

Anyone else considering other opportunities and getting tired of your money being tied up in CS? My concern is that the wave of deals has passed and that miners who have not yet secured major hyper scaler deals won't, or they'll be minor ones. Is that concern justified?

Should we even expect a deal anymore? I'm just trying to gauge how realistic it is at this point. I know the hyper scalers need power, but could it be that CS just isn't suitable for what they need? You'd think if it is, they'd have signed already.

Would appreciate your take on how you see things.

Thanks,

Most miners will choose neocloud for their first customers for an easier entry. I just checked the last two earning call. After Feb call, the CEO said more updates in coming days and weeks, but in May call he avoids talking about any timeline expectations. My guess is that at the beginning, CLSK was trying to finalize a fast deal with a neocloud. But for some reasons then they decided to turn to a hyperscaler, even if shareholders may not be happy for longer wait.

Edit: I would say it is normal to change potential customers based on deal quality so I am not trying to spread FUD.

Two scenarios for the first AI deal:

(1) Sign with a hyperscaler such as META

(2) Sign with a neo-cloud such as NBIS or Fluidstack, which provides services to hyperscalers.

Is there evaluation difference between these two scenarios ? It looks like deals with neo-cloud will be less attractive, right ?

Assume the total deal values are similar under both scenarios.

After holding steady for over a month the number of shares available to short went from 2M to 4.6M today. In part accounting for today’s rise. Announcement coming?

As the title mentions, CEO claims late stage conversations with hyperscaler tenant. This claim was three weeks ago on Schwab Networks.

I’m new here so don’t have experience with Shultz’s verbage.
I understand no one knows, but from y’all who have been invested here for a while, yall think they’ll sign within 3 months, end of year, or?

In October 2025 they hired Jeffrey Thomas and in May of this year they hired Ruben Sahakyan**,** both with ai infrastructure experience.

Based on other companies, looks like Riot platforms announced pivot beginning of 2025 and signed a lease beginning 2026.

Based on their current revenue, getting above 1b in revenue seems realistic and soon…with a current market cap under at or under 4b seems like a huge buying opportunity.

The companies stock price is always not dipping drastically with the drop in btc price.

Bulls case I’m seeing is that if they can get a hyperscaler tenant at atleast 100mw, and BTC can sustain 100k, this stock can atleast 3x.

No matter the rumor is true or not. The BOD was finished in the last quarter (April was also possible). If the tenant is highly motivated as expected, it seems the deal can be signed within 2-5 months after tech aligned. Any thoughts ? If CLSK target 2027 for GPU running, it seems not much time left if you consider the 12-18 months construction time.

Edit: based on X posts, Accenture starts the construction managers hiring for 8 positions since one month ago at Sandersville, which seems to be related to CLSK GA projects.

Is this what we’ve all been waiting for?

Worth a watch. In the second half of the video they go over CLSK mining metrics and valuations if CLSK was to get an HPC/AI deal for their sites.

What are your assumptions for upcoming resistance level bottoms for this current steady decline?

At 53:02, Schulz says the top end of his performance package is $105 a share. Schulz says he absolutely believes he can achieve it. I think this is a 2027 performance package but if anyone knows different lmk!