CleanSpark announced the acquisition of a 447‑acre parcel in Brazoria County, Texas, along with a long‑term transmission‑facility extension that will allow the company to develop a modular AI data‑center campus with a 300 MW demand load and an option to expand to a total of 600 MW.
The new site adds to CleanSpark’s existing 285 MW Austin County facility, bringing the company’s Texas power portfolio to more than 890 MW of aggregate utility capacity and positioning it as a significant regional player in the high‑performance computing market.
CEO Matt Schultz said the expansion will accelerate the construction of “AI factories,” leveraging CleanSpark’s expertise in securing low‑cost, transmission‑level power that can generate revenue roughly ten times higher per megawatt than Bitcoin mining.
The deal reflects CleanSpark’s strategic pivot from Bitcoin mining toward AI and HPC workloads, capitalizing on constrained power markets and the growing demand for AI compute. The company plans to monetize the secured power through AI‑ready infrastructure, creating durable platforms that support long‑term, multi‑phase growth.
Shares of CleanSpark rose 3.5% to 6% in pre‑market trading, reflecting investor confidence in the expansion and the high growth potential of AI and HPC workloads.
The transaction is expected to close in Q1 2026, subject to utility and property approvals.
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