We advised CleanSpark on the agreement

Davis Polk advised an affiliate of CleanSpark, Inc. in connection with a 20-year infrastructure lease, with two five-year extension options, directly with a high-investment grade, leading global technology company at its campus in Sandersville, Georgia. The lease is expected to generate approximately $6.6 billion of contracted revenue over the initial term. The site will accommodate 175 MW of critical IT load with deliveries to begin in the fourth quarter of 2027.

CleanSpark is a market-leading data center developer with a proven track record of success. The company controls a portfolio of more than 1.8 GW of power, land and data centers across the United States, powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, CleanSpark monetizes low-cost, high reliability energy by producing a global emerging critical resource – compute – to prosper in an ever-changing world.

The Davis Polk real estate team included partner Brian D. Hirsch, counsel Lawrence R. Plotkin and associate Edward Peck. The capital markets team included partners Marcel Fausten and John H. Runne. The infrastructure finance team included partner David J. Penna and counsel Costanza Garcia Laposse. Partner Ethan R. Goldman and associate Alanna Phillips provided tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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