Shares of CleanSpark, Inc. (NASDAQ:CLSK) rose 3.5% on Wednesday morning after the company unveiled a major land purchase in Texas aimed at supporting its push into artificial intelligence and high-performance computing infrastructure.
The bitcoin miner said it has signed a definitive agreement to acquire up to 447 acres in Brazoria County, Texas, together with a long-term extension agreement for transmission facilities. The site will support the development of a large-scale data center with an initial power capacity of 300 megawatts (MW), with scope to add a further 300 MW, taking total potential capacity to 600 MW.
The deal represents CleanSpark’s second strategic project in the greater Houston area, following its earlier development in Austin County. Combined, the two locations would give the company more than 890 MW of potential utility capacity, forming what it described as a regional power hub tailored for AI and high-performance computing workloads.
The transaction is expected to be completed in the first quarter of 2026, subject to approvals related to utilities and property matters.
“The demand for scaled, AI-native compute continues to accelerate, and access to transmission-level power in strategically advantageous regions has become increasingly constrained,” said Matt Schultz, CleanSpark’s CEO and Chairman.
Jeff Thomas, Senior Vice President of AI Data Centers at CleanSpark, added that the company is nearing a gigawatt of total potential capacity in the Houston area, positioning it to “deliver a true AI factory offering in one of the most important power markets in the country.”
CleanSpark said it plans to continue expanding its Texas footprint while engaging with potential co-location and compute partners looking for large, scalable data center campuses.