CleanSpark Inc. shares rose 13.43% to $14.78 on Monday as Bitcoin climbed to a two-month high and a wave of data center deals lifted AI infrastructure stocks. The digital asset briefly touched $65,000 during early Asian hours, crossing back above its 200-week moving average near $63,300, a threshold market participants view as the boundary between bearish and bullish regimes. Spot Bitcoin ETFs recorded $75.7 million in net inflows last week, following $197.4 million the prior week, marking the first consecutive weeks of positive flows after two months of withdrawals.

CleanSpark is benefiting from momentum across the sector, where peers like Strategy Inc. and IREN Ltd. advanced on positive developments. Strategy Inc. raised $263.5 million through a common stock sale to bolster its dollar reserves, while IREN Ltd. increased its year-end AI Cloud annualized run-rate revenue target. Additionally, Hut 8 Corp. expanded its relationship with an existing investment-grade tenant at its Beacon Point campus in Texas, signing a second 15-year lease valued at $9.8 billion for 352 MW of IT load. Hut 8's aggregate base-term contract value now totals $26.6 billion across 949 MW of contracted AI data center capacity.

Renewed investor interest in CleanSpark specifically centers on its recently announced 20-year infrastructure lease at its Sandersville, Georgia campus. The agreement with a high-investment-grade global technology company totals $6.6 billion in contracted revenue over the base term, with potential revenue reaching $11.6 billion if both five-year extension options are exercised. The deal covers 175 MW of critical IT load, with deliveries expected to commence in the fourth quarter of 2027.

CEO Matt Schultz described the transaction as a transformational moment, validating CleanSpark's evolution into a diversified digital infrastructure platform. The tenant has also executed a letter of intent and exclusivity arrangement covering CleanSpark's entire Texas portfolio, which encompasses 885 MW of secured and planned power capacity across 718 acres. This includes assets at the Sealy and Brazoria campuses, where transmission-level infrastructure supports significant demand loads.

The following table summarizes the key financial and operational details of the Sandersville agreement:

Cantor Fitzgerald analyst Brett Knoblauch has maintained an Overweight rating for Cleanspark (NASDAQ: CLSK) and raised the price target from $17 to $26. The adjustment reflects a revised valuation of the company's market position and future potential.

Analyst Rating and Target

The analyst's stance remains positive on Cleanspark, retaining the Overweight recommendation. The price target increase to $26 signals a stronger outlook for the company's performance.