CleanCore, holding $4.1M cash and Dogecoin, backs $500M AI JV

CleanCore Solutions, a cleaning-products company that also holds a Dogecoin treasury, agreed to commit up to $500 million to a Minnesota data-center joint venture whose operating company signed a 10-year colocation agreement with AI-compute firm Cerebras. The Cerebras contract is estimated at about $800 million over its initial 10-year term.

The joint venture gives CleanCore a 79% ownership interest and lists a $479 million project budget. CleanCore’s July 29 Form 8-K schedules an initial $40 million contribution split as $25 million on closing and up to $15 million within four business days, with further capital calls possible from July 2026 through February 2027. The filing does not state whether the Minnesota transaction had closed or whether the initial payment had been made.

About 20 megawatts of utility power had been energized at the Minnesota site to support an initial 15 megawatts of critical IT load. The $800 million figure reflects estimated revenue to the operating company over Cerebras’s first 10-year term; two optional 10-year renewals could raise potential contract value above $3 billion.

CleanCore’s disclosure limits its exposure for funding shortfalls to dilution mechanisms outlined in the joint-venture agreement. The filing states that other parties cannot pursue damages or force CleanCore to provide additional capital. The full joint-venture agreement has not yet been filed and CleanCore said it will appear in a later quarterly report.

CleanCore’s most recent public balance-sheet figures predate the Cerebras agreement. As of March 31 the company reported about $4.1 million in cash and cash equivalents, $13 million of restricted cash and an accumulated deficit of roughly $169 million, and it noted doubt about its ability to continue as a going concern.

The company’s June disclosures list a large Dogecoin position. Through June 2 CleanCore reported selling roughly 200 million DOGE for $18.4 million, transferring 70 million DOGE for services and retaining 463,060,889 DOGE valued at about $44.3 million. Filings do not specify whether proceeds from DOGE sales are earmarked for the Minnesota project.

To raise capital, CleanCore’s June prospectus authorized the sale of up to $750 million of common stock through an at-the-market facility and listed AI infrastructure among intended uses. A separate West Texas platform, reported as closed on July 9, allows CleanCore discretion over the timing of up to $100 million of initial cash contributions over nine months and contemplates aggregate commitments of up to $2 billion, inclusive of that initial amount.