CleanSpark shares rise as bitcoin miner expands AI power capacity in Texas

CleanSpark (CLSK) shares climbed 5% to $13 following the company’s announcement of its Texas power and land footprint.

The company said it has entered into a definitive agreement to acquire up to 447 acres in Brazoria County, Texas, alongside a long term transmission facilities extension, creating 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 developing energy backed digital infrastructure at scale.

The site is expected to support an initial 300 megawatts of demand, with the ability to expand capacity by a further 300 megawatts, subject to regulatory and utility approvals, with closing anticipated in the first quarter of 2026.

This project represents CleanSpark’s second strategic initiative in the greater Houston region, following its Austin County development. Together, the two locations offer more than 890 megawatts of potential utility capacity.

CleanSpark said it will continue to advance its Texas development pipeline while engaging with potential co location and compute partners seeking scalable, long term AI focused campuses.