CleanSpark (CLSK) stock rose 5% to $13 after the company announced its Texas power and land footprint.
In parallel with long-term transmission expansion, the company announced that it has entered into a definitive agreement to acquire up to 447 acres of land in Brazoria County, Texas, laying the foundation for a large-scale data center development aimed at artificial intelligence and high-performance computing workloads. CleanSpark is a Bitcoin mining company that is increasingly focused on large-scale development of energy-powered digital infrastructure.
The site is expected to accommodate an initial demand of 300 MW, with capacity expansion of an additional 300 MW subject to regulatory and utility approvals, and is expected to close in the first quarter of 2026.
This project represents CleanSpark’s second strategic initiative in the greater Houston area, following the Austin County development. Together, the two sites have a potential power supply capacity of more than 890 megawatts.
CleanSpark said it will continue to advance its development pipeline in Texas while working with potential colocation and computing partners seeking a scalable, long-term, AI-focused campus.
