Joint VentureJul 29, 2026, 08:17 AM
CleanCore Forms JV for 55MW Data Center; $800M Cerebras Deal
AI Summary
CleanCore Solutions, Inc. (ZONE) has formed a joint venture with PartnerCo to finance, develop, and operate an approximately 55 MW data center facility in Minnesota. The joint venture secured a 10-year Colocation Services Agreement with Cerebras Systems Inc. for a baseline 40 MW compute lease deployment, with an initial contract value of $800 million and potential for over $3 billion including renewal options. CleanCore holds a 79% ownership interest in the JV and committed up to $500 million in capital, with revenue expected to begin in Q1 2027.
Key Highlights
- Formed a joint venture with PartnerCo to develop a 55 MW data center facility in Minnesota.
- Secured a 10-year Colocation Services Agreement with Cerebras Systems Inc. for 40 MW IT load.
- Initial contract value for Cerebras agreement is approximately $800,000,000.
- Potential aggregate contract value exceeds $3,000,000,000 with two 10-year renewal options.
- CleanCore Solutions holds a 79% ownership interest in the joint venture company.
- CleanCore Solutions committed up to $500,000,000 in capital to the joint venture.
- Revenue from the project is expected to commence in the first quarter of 2027.
- CleanCore Solutions will issue $1,000,000 of common stock to PartnerCo.
Price Impact
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