$50B+ in AI Data Center Leases Signed in July as Bitcoin Miners Pivot

abhiadesai · x · 2026-07-30

Core Scientific's CEO noted that despite cautious media headlines, demand from hyperscale channels and AI labs remains robust, with continued large-scale infrastructure commitments expected.

Data reveals that in July alone, former Bitcoin miners turned AI data center developers signed roughly $50 billion in co-location leases. These deals feature investment-grade tenants and yields-on-cost (YoC) ranging from 12% to 15%. Major agreements include:

• Core Scientific & AMD: $14B TCV, 530MW, 15 years.
• Hut 8 & NVIDIA: $9.8B TCV, 352MW, 15 years.
• CleanSpark (undisclosed high-IG tenant): $6.6B TCV, 175MW, 20 years.
• TeraWulf & Anthropic: $19B TCV, 401MW, 20 years.

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