CleanSpark shifts to quarterly reporting amid $6.6B Meta data center lease
- —Meta lease covers 175 MW for 20 years at $6.6 billion, with 3% annual escalators
- —Construction funded by a $2.276 billion bond at 7.875% maturing in 2031
- —Expected net operating income of about $330 million a year, interest costs near $179 million
- —Mining output fell from 671 BTC in May to 529 BTC in September; hashrate dropped from 47.3 to 36.0 EH/s
Why it matters: CleanSpark is transforming from a pure miner into an infrastructure play with a Meta-grade tenant, reducing its exposure to bitcoin price swings.
Source: BTC-ECHO