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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.