CleanSpark is significantly expanding its footprint in Texas with a strategic acquisition aimed at bolstering its capabilities in Artificial Intelligence (AI) and High-Performance Computing (HPC). The bitcoin mining firm has entered into a definitive agreement to acquire up to 447 acres of land in Brazoria County, Texas, securing a long-term transmission facilities extension agreement in the process. This positions CleanSpark to develop a large-scale data center project boasting transmission-level power, initially supporting a 300 MW demand load with the potential to expand to a total capacity of 600 MW. The closing of the deal is expected in the first quarter of 2026, pending standard utility and property-related approvals.
This acquisition marks CleanSpark's second major development initiative in the greater Houston region, complementing their earlier acquisition of 271 acres in Austin County announced on October 29, 2025. Together, these Texas sites will provide CleanSpark with over 890 megawatts of aggregate potential utility capacity, establishing a regional power and infrastructure hub. The company intends to use these locations to develop large-scale data center campuses specifically designed for AI and HPC workloads, signaling a strategic diversification beyond solely bitcoin mining.
Matt Schultz, CleanSpark's CEO and Chairman, emphasized the increasing demand for scaled, AI-native compute and the growing constraints on access to transmission-level power in strategically advantageous regions. He stated that this agreement highlights CleanSpark's ability to secure high-quality power at scale while creating regional density, making the company attractive to leading AI and compute customers. CleanSpark aims to create durable infrastructure platforms capable of supporting long-term, multi-phase growth.
Jeff Thomas, Senior Vice President of AI Data Centers at CleanSpark, noted that this acquisition brings the company close to a gigawatt of total potential capacity in the Houston area. He highlighted the importance of clustered capacity for customers planning large, multi-campus deployments. Thomas also pointed out the company's flexibility to deploy infrastructure both in front of and behind the meter, enabling them to deliver a comprehensive AI factory offering in a crucial power market.
CleanSpark is actively engaging with potential co-location and compute partners seeking large, scalable campuses and plans to further advance its Texas development portfolio. The company operates as a data center developer with a portfolio exceeding 1.4 GW of power, land, and data centers across the United States. CleanSpark's strategic pivot towards AI and HPC is viewed as a timely response to the evolving economics of the bitcoin mining industry. By leveraging its expertise in power and large-scale operations, the company aims to capitalize on the surging demand for AI compute and diversify its revenue streams. CleanSpark is traded on the NASDAQ under the ticker symbol CLSK.
