CleanSpark (CLSK) shares rose 3.5% on Wednesday following the announcement of a major infrastructure expansion in Texas designed to support artificial intelligence (AI) and high-performance computing (HPC).
The bitcoin miner has entered a definitive agreement to acquire 447 acres in Brazoria County, Texas. The site will host a data center with an initial 300 megawatts (MW) of power capacity, expandable to 600 MW.
This acquisition marks CleanSparkâs second strategic development in the greater Houston area, following a previous deal in Austin County. Combined, the two sites provide the company with over 890 MW of potential capacity, positioning it to deliver “AI factories” at scale.
“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 CleanSpark CEO Matt Schultz.
The transaction is expected to close in Q1 2026, pending utility and property approvals.