CleanCore Solutions (NYSE: ZONE) announced a 10-year Colocation Services Agreement with Cerebras Systems (NASDAQ: CBRS) for an AI data-center campus in Minnesota designed to Tier 3 standards with 55 MW of utility power capacity and 40 MW of critical IT load. The contract carries an initial value of $800 million over the initial decade, with two renewal options representing potential total contract value exceeding $3 billion. CleanCore expects to own nearly 80% of the project and begin revenue generation in Q1 2027. Approximately 20 MW of utility power is already energized today supporting an initial 15 MW of critical IT load, with remaining capacity coming online by Q1 2027.
This marks CleanCore's second announced AI infrastructure campus and expands its portfolio to over 500 MW across strategic U.S. markets following its previously announced West Texas facility. The agreement provides 100% pre-leased occupancy from commencement, ensuring revenue visibility. The partnership with an experienced data-center development partner combines colocation services, energy optimization, and infrastructure advisory into an integrated ecosystem model. This approach reflects a broader industry shift: capital-intensive AI infrastructure is increasingly funded through long-term fixed-contract structures rather than spot-market capacity agreements, attracting infrastructure-focused institutions seeking predictable cash flows.
For architects, this validates the deployment of distributed, pre-leased AI infrastructure as a financial instrument. Rather than speculation, dedicated capacity with 10-year take-or-pay agreements and infrastructure-grade debt create stable revenue foundations for operators. Industry projections underscore the TAM: hyperscale data-center market forecast to grow from $31.4B (2026) to $52.5B by 2030; the broader AI infrastructure market to expand from $75.9B (2026) to $223.5B by 2030; JLL projects data-center capacity will double from 103 GW today to 200 GW by 2030, requiring up to $3 trillion in new infrastructure investment. Watch for similar long-term regional capacity deals, REIT partnerships, and energy-backed financing structures as the market institutionalizes AI infrastructure buildout.