CLEANSPARK INC C/WTS 29/12/2028 (TO PUR COM)

Bad day for Neo Cloud/ Data Centers

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📢 𝗝𝗨𝗦𝗧 𝗜𝗡: Firmus Grid Targets A$𝟱.𝟬 Billion IPO at A$𝟰𝟯.𝟳 Billion Valuation - $Nebius(NBIS.US) $IREN(IREN.US) $Whitefiber(WYFI.US) $Coreweave(CRWV.US) $CleanSpark(CLSK.US) $Riot Platforms(RIOT.US) $Terawulf(WULF.US) $Applied Digital(APLD.US) $Hut 8 Mining(HUT.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗙𝗶𝗿𝗺𝘂𝘀 𝗚𝗿𝗶𝗱 targets an IPO raising A$𝟱.𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻.

➤ IPO is being marketed at A$𝟭𝟭 per share.

➤ Pricing would value Firmus Grid at A$𝟰𝟯.𝟳 𝗯𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Valuation equates to approximately US$𝟯𝟬.𝟯 𝗯𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Underwriters report sufficient indications to cover the A$𝟱.𝟬 billion offering.

➤ Deal could be upsized by an additional A$𝟱𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Institutional bookbuild opens Tuesday and is scheduled to close Friday.

➤ Firmus Grid's 𝗔𝗦𝗫 listing is scheduled for 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟯.

➤ Offering would rank among 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮'𝘀 largest-ever IPOs.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ A successful offering could significantly revive Australia's subdued 𝗜𝗣𝗢 market.

➤ The valuation highlights investor interest in 𝗱𝗮𝘁𝗮-𝗰𝗲𝗻𝘁𝗿𝗲 infrastructure.

➤ Potential A$𝟱𝟬𝟬 million upsize indicates strong early institutional demand.

➤ The transaction could become a major benchmark for future infrastructure listings.

$CleanSpark(CLSK.US) | H.C. Wainwright 𝗿𝗲𝗶𝘁𝗲𝗿𝗮𝘁𝗲𝘀 𝗕𝘂𝘆 on 𝗖𝗹𝗲𝗮𝗻𝗦𝗽𝗮𝗿𝗸 𝗜𝗻𝗰., PT $𝟮𝟮

Analyst sees Sandersville execution de-risking and near-term HPC/AI opportunities as compelling and not priced into the stock.

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $CleanSpark(CLSK.US) CleanSpark Signs $𝟲.𝟲 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 AI Data Center Lease With Global Technology Company

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗖𝗹𝗲𝗮𝗻𝗦𝗽𝗮𝗿𝗸 signed a 𝟮𝟬-𝘆𝗲𝗮𝗿 triple-net (NNN) data center lease.

➤ Lease is expected to generate $𝟲.𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in contracted revenue.

➤ Contract value could reach $𝟭𝟭.𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 with extension options.

➤ Agreement covers 𝟭𝟳𝟱 𝗠𝗪 of critical IT load in Sandersville, Georgia.

➤ Infrastructure deliveries are expected to begin in 𝗤𝟰 𝟮𝟬𝟮𝟳.

➤ Tenant is a 𝗵𝗶𝗴𝗵 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁-𝗴𝗿𝗮𝗱𝗲 global technology company.

➤ Expected cumulative 𝗡𝗢𝗜 contribution margin is nearly 𝟭𝟬𝟬%.

➤ Average annual 𝗡𝗢𝗜 contribution is projected at approximately $𝟯𝟯𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.

➤ July Bitcoin production totaled 𝟱𝟴𝟲 𝗕𝗧𝗖, bringing 2026 production to 𝟰,𝟯𝟭𝟬 𝗕𝗧𝗖.

➤ Bitcoin holdings increased to 𝟭𝟯,𝟵𝟯𝟭 𝗕𝗧𝗖 as of July 31, 2026.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Marks CleanSpark's first major 𝗛𝗣𝗖 data center leasing agreement.

➤ Diversifies revenue beyond Bitcoin mining into long-term AI infrastructure.

➤ Provides highly visible, recurring cash flows through a multi-decade contract.

➤ Highlights accelerating enterprise demand for AI-ready data center capacity.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:

𝗠𝗮𝘁𝘁 𝗦𝗰𝗵𝘂𝗹𝘁𝘇, CEO and Chairman of CleanSpark:

"July was a transformative month for CleanSpark with the execution of our first HPC data center lease at our Sandersville campus. This was a 20-year true triple-net lease directly with a high investment-grade leading global technology company resulting in $6.6 billion in contracted revenue with a nearly 100% NOI margin. Our business is executing on parallel paths as we focus on commercialization and continue expanding our power and land portfolio while driving mining productivity."

$IREN(IREN.US) +19.69% after revising ARR target to $4B+ from new AI cloud contracts. Its customer base now includes Microsoft, Nvidia, Perplexity, and Figure.

$Hut 8 Mining(HUT.US) +10.45% off a 15Y $9.8B AI DC lease

$Cipher Digital(CIFR.US) +16.76%

$CleanSpark(CLSK.US) +13.7%

$Whitefiber(WYFI.US) +9.18%

$Nebius(NBIS.US) and $Coreweave(CRWV.US) are taking their time in the shower.

But does look like Neoclouds/Colo players are sharply recovering following new catalysts, such as Kimi compute shortage news and new contracts.

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