CleanSpark shares (CLSK) led crypto equities higher Tuesday after the Bitcoin miner announced a major infrastructure lease. CLSK stock gained 20% before trading opened, then held an increase of about 10%. The advance also lifted Bitcoin miners expanding their operations into data center infrastructure.
CleanSpark signed a 20-year infrastructure lease for its Sandersville campus in Georgia. The agreement also provides two extension options covering five years each. CLSK stock climbed after the company disclosed the lease with an unnamed technology company.
The initial lease term should generate approximately $6.6 billion in contracted revenue. This arrangement gives CleanSpark a long-term income source beyond its Bitcoin mining activities. Consequently, CLSK stock ranked among Tuesday morning’s strongest-performing crypto-related equities.
CleanSpark also confirmed progress involving its infrastructure assets across Texas.
“Pursuant to the executed letter of intent, CleanSpark’s entire Texas portfolio is now under exclusivity with the tenant,” it said.
The announcement strengthened the company’s planned expansion into large-scale computing infrastructure.
CleanSpark’s rise supported several miners that are developing operations for data center customers. Keel Infrastructure, Riot Platforms, and Mara Holdings each gained about 3% during morning trading. The broader advance showed how CLSK stock influenced companies pursuing similar infrastructure strategies.
Hut 8 and HIVE Digital also participated in the sector’s early gains. Shares of both companies increased approximately 2% as trading progressed. However, CLSK stock maintained the largest percentage gain among the listed Bitcoin mining companies.
Retail activity also increased around CleanSpark following the lease announcement. Stocktwits listed the company among its leading trending tickers, while message volume moved from normal to high. Sentiment surrounding CLSK stock shifted from bearish to bullish during the previous day.
Bitcoin traded near $63,700 and remained broadly unchanged over the previous 24 hours. Ethereum performed better and led gains among major cryptocurrencies on Tuesday morning. Therefore, CLSK stock rose sharply without support from a significant Bitcoin price increase.
Strategy shares advanced more than 3% as the corporate Bitcoin holder joined the wider market gains. Bitmine Immersion Technologies gained nearly 7% as Ethereum-related equities strengthened. Still, CLSK stock remained the leading mover following its multibillion-dollar lease disclosure.
Coinbase shares gained about 1%, while Circle shares declined more than 3% in early trading. TD Cowen expects a new CLARITY Act draft this week, ahead of possible Senate discussions after July 20. Meanwhile, CLSK stock retained strong gains as CleanSpark’s infrastructure agreement lifted data center-focused Bitcoin miners.
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