Shares of CleanSpark Inc. (CLSK) surged on Tuesday after the bitcoin miner announced a 20-year lease with an unnamed data center customer, which is expected to generate $6.6 billion in contracted revenue, giving investors fresh confidence in the company's transformation into an AI infrastructure provider.

At the time of writing, CLSK stock rose more than 13% and was among the top ten trending tickers on Stocktwits.

Landmark Lease Strengthens CLSK’s AI Infrastructure Push

The customer will set up its infrastructure at CleanSpark’s Sandersville campus in Georgia to run a range of computing workloads. The agreement also includes two five-year extension options, which, if exercised, will guarantee an additional $11.6 billion in revenue.

The agreement is yet another indication of an ongoing trend that hyperscalers and technology companies are increasingly seeking additional compute capacity contracts from a wide range of sources as AI demand increases.

The company said its Sandersville campus was selected by the customer for reliable, low-cost power, high-density compute capacity, and the ability to support rapid, phased data center deployments.

Texas Expansion Could Add Another Growth Engine 

Moreover, the customer has also signed a letter of intent to exclusively secure up to 885 megawatts of capacity that the company plans to bring online in Texas.

"This lease is a transformational moment for CleanSpark as we complete our evolution into a diversified digital infrastructure platform and begin monetizing our power portfolio at institutional scale," said Matt Schultz, CleanSpark CEO and chairman. “We have long believed in the second-mover advantage in this sector: grow our portfolio as the market matures, then execute with excellent terms and velocity. Today's announcement validates our thesis."

What Do Retail Traders Think About CLSK

On Stocktwits, retail sentiment toward the stock flipped to ‘bullish’ from ‘bearish’ over the last 24 hours.

One user on the platform cheered the company’s second-mover advantage.

However, another user on the platform flagged that the company might need to raise a substantial amount of capital to fulfill its commitments under the latest lease agreement.

is up more than 22% so far this year, outperforming the S&P 500.