CleanSpark Acquires 447 Acres in Texas for AI Data Center Development
CleanSpark, Inc. has announced the acquisition of up to 447 acres in Brazoria County, Texas, for the development of AI and high-performance computing data centers, leading to a 3.5% increase in its stock price. The site will initially support a 300 MW demand load, with potential expansion to 600 MW, and is expected to close in Q1 2026. This acquisition complements a previous project in Austin County, providing over 890 megawatts of potential utility capacity.
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CleanSpark, Inc. (NASDAQ: CLSK) shares increased 3.5% following the announcement of a land acquisition in Brazoria County, Texas. The company secured a definitive agreement to acquire up to 447 acres and a long-term transmission facilities extension, enabling the development of large-scale data centers for AI and high-performance computing.
CLSK stock was trading at $13.10, reflecting a 4.34% increase. This acquisition, along with a previous project in Austin County, provides over 890 megawatts of potential utility capacity. The Brazoria site will initially support a 300 MW demand load, with a potential expansion to 600 MW.
The deal is expected to close in Q1 2026, pending approvals. CleanSpark's market capitalization is approximately $3.58 billion, with a year-to-date return of 32.31% and a three-year return of 418.99%. Analyst sentiment remains positive, with a price target of $23.12.
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