A cleaning company with just $4.1M in cash and a stash of Dogecoin just committed $500M to an AI mega-deal

CleanCore Solutions, a cleaning-products and Dogecoin-treasury company pivoting into AI infrastructure, announced a Minnesota data-center venture whose operating company is a party to a 10-year colocation agreement with AI-compute company Cerebras.

The estimated $800 million contract value comes with a $479 million project budget and up to $500 million in commitments from CleanCore, turning the customer win into an immediate capital test.

CleanCore holds 79% of the joint venture. Its July 29 Form 8-K schedules a $40 million initial contribution as $25 million on the closing date and up to $15 million, based on budget needs, within four business days.

Further calls can run from July 2026 through February 2027, overlapping the first quarter in which associated revenue is expected to start. About 20 MW of utility power was already energized to support an initial 15 MW of critical IT load.

The $800 million is estimated contract value over Cerebras’s initial term, not upfront cash. Two optional 10-year renewals would take potential contract value above $3 billion. Neither the filing nor CleanCore’s announcement disclosed that the Minnesota transaction had closed or that either initial installment had been deposited.

Funding routes carry two kinds of dilution

CleanCore has one large financing route on paper. A June prospectus authorized up to $750 million of common-stock sales through an at-the-market facility, with AI infrastructure among the intended uses.

CleanCore’s filed summary says its sole exposure for a funding shortfall is dilution through several mechanisms in the JV agreement; other parties cannot seek damages or compel it to fund. The filing does not disclose whether those mechanisms would reduce CleanCore’s percentage interest, its economic rights or both. The full agreement is due in a later quarterly filing.

The latest disclosed balance-sheet and crypto figures predate the Cerebras deal. As of March 31, CleanCore reported about $4.1 million of cash and cash equivalents, $13 million of restricted cash and a roughly $169 million accumulated deficit amid continued going-concern doubt.

As of June 2, it had sold about 200 million DOGE for $18.4 million, transferred 70 million DOGE for services, and retained 463,060,889 DOGE valued at about $44.3 million while considering a broader disposal. Neither filing confirms that DOGE proceeds are earmarked for Minnesota.

Minnesota is CleanCore’s second announced AI development. A separate West Texas platform venture, announced as closed July 9, gives CleanCore discretion over the timing of up to $100 million of initial cash contributions across nine months. It also contemplates aggregate commitments of up to $2 billion, inclusive of the initial amount and called as needed.

CleanCore has outlined routes to capital, but its next financing and liquidity disclosures will determine how much of the AI buildout it can fund without diluting shareholders, its joint-venture position or both.