CleanCore Solutions commits 500 million dollars to AI data center venture

CleanCore Solutions announced a Minnesota data-center venture with a 10-year colocation agreement with AI-compute company Cerebras, involving an estimated contract value of 800 million dollars and a project budget of 479 million dollars. CleanCore is committing up to 500 million dollars to the project, holding 79% of the joint venture. An initial contribution of 40 million dollars is scheduled, with 25 million dollars on the closing date and up to 15 million dollars based on budget needs within four business days. Additional calls can occur from July 2026 through February 2027, coinciding with expected revenue generation. Approximately 20 MW of utility power has been energized for an initial 15 MW IT load. The 800 million dollars represents the estimated contract value over the initial term, with potential renewals that could increase the total value above 3 billion dollars. CleanCore's latest financials show about 4.1 million dollars in cash and cash equivalents, alongside 13 million dollars in restricted cash and a 169 million dollar accumulated deficit. As of June 2, CleanCore sold about 200 million DOGE for 18.4 million dollars and retains 463,060,889 DOGE valued at approximately 44.3 million dollars. This Minnesota venture follows another AI development in West Texas, which allows CleanCore to contribute up to 100 million dollars over nine months, with total commitments potentially reaching 2 billion dollars.

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