(Bloomberg) — Bitcoin miner CleanSpark Inc. has agreed to a 20-year infrastructure lease for a data center at its Sandersville campus in Georgia for $6.6 billion in contracted revenue.

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CleanSpark didn’t name the tenant, but said it was a “high investment-grade” global technology company. The contract may reach as much as $11.6 billion in revenue if two five-year extension options are exercised, CleanSpark said in a statement on Tuesday.

The tenant will deploy infrastructure at Sandersville dedicated to a range of computing workloads, the Nevada-based company said. The tenant has also signed a letter of intent and exclusivity arrangement covering CleanSpark’s entire Texas portfolio of 718 acres with up to 885 megawatts of secured and planned power capacity.

CleanSpark is among a growing number of public Bitcoin mining companies that are transitioning to data-center operators to support artificial intelligence applications. It is the first data-center lease for the company after it announced its pivot from a pure-play Bitcoin miner in October.

Soaring demand for AI computing power has made data centers sought-after resources. Former top Bitcoin miners such as TeraWulf and Cipher Digital have seen their share prices surge after landing hosting contracts with tech giants such as Microsoft Corp.

https://finance.yahoo.com/technology/ai/articles/cleanspark-agrees-20-data-center-100000166.html