CleanSpark Pushes Beyond Bitcoin Mining With New AI-Focused Data Hub In Texas

• CleanSpark gained over 4% in premarket trading after announcing land and power deals in Texas to build a major AI-focused data center.
• The move highlights CleanSpark’s shift beyond bitcoin mining toward high-performance computing (HPC) and broader digital infrastructure.
• The company expects more than 200 megawatts of power capacity to go live in the first half of 2027.

CleanSpark Inc. (CLSK) announced on Wednesday that it has acquired rights to roughly 271 acres of land in Austin County, Texas, and finalized long-term power supply deals totaling 285 megawatts. 

After the update, CleanSpark stock traded over 4% higher in Wednesday’s premarket. However, on Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory amid ‘low’ message volume levels. 

Building a Data Campus

The agreements will fuel the development of a large-scale data center campus to meet surging demand for artificial intelligence (AI), cloud computing, and enterprise workloads.

Under the purchase terms, CleanSpark used a combination of cash and company stock to close the deal, with additional payments tied to future milestones. The transactions underscore CleanSpark’s move to expand beyond bitcoin mining into high-performance computing (HPC) infrastructure. 

Strategic Expansion Into AI and HPC

The company stated that the property sits along a regional fiber backbone and is near major natural gas pipelines, offering access to reliable power and opportunities for behind-the-meter energy generation.

"This acquisition marks a major milestone in CleanSpark's strategic business evolution.” 

-Matt Schultz, CEO and Chairman, CleanSpark.  

According to the company, construction of a substation is already underway, and essential long-lead equipment has been secured. Initial development will begin immediately, with phased expansion planned over the next two years. The company expects more than 200 megawatts of power capacity to go live in the first half of 2027.

CleanSpark stock has gained over 107% year-to-date and over 58% in the last 12 months. 

Also See: TeraWulf Taps Institutional Investors For $500M To Fuel Data Centre Growth

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Share

·

Add us on