CleanSpark Enters Texas Market with Major Land and Power Deal to Launch AI Data Center Campus

CleanSpark, Inc. (NASDAQ: CLSK) has announced a transformative move into Texas with the acquisition of 271 acres of land and 285 megawatts (MW) of contracted power in Austin County, marking a key step in its expansion beyond Bitcoin mining into high-performance compute (HPC) and AI infrastructure.

The company’s latest announcement details the purchase of a strategically located site positioned between Houston and Austin—an area recognized for its strong grid infrastructure, abundant natural gas pipelines, and major fiber backbone connectivity. The project will serve as an anchor for CleanSpark’s push into AI and cloud-based data services.

Key Highlights:

• 285 MW Power Agreements: Expands total contracted power by 28%, supporting scalable and energy-efficient compute operations.

• 271-Acre Acquisition: Provides a foundation for a next-generation data center campus designed for AI workloads.

• Strategic Location: Sits on a regional fiber backbone with access to energy-advantaged resources and pro-development infrastructure.

• Development Timeline: Substation construction is already in progress, with more than 200 MW expected to be energized in the first half of 2027.

“This acquisition marks a major milestone in CleanSpark’s strategic business evolution,” said Matt Schultz, CEO and Chairman. “Securing power and land at this scale in one of the nation’s most attractive markets positions us to meet the accelerating demand for AI compute while continuing to deliver long-term value for our shareholders.”

Harry Sudock, Chief Business Officer, emphasized the project’s advantageous location: “This site sits strategically between Houston and Austin at the intersection of abundant power, fiber connectivity and pro-development energy policy.”

Jeffrey Thomas, Senior VP of AI Data Centers, added that the new campus will enable CleanSpark to deliver high-density compute solutions to global technology partners and strengthen its leadership in digital infrastructure.

CleanSpark’s entry into Texas solidifies its reputation as a vertically integrated energy and digital infrastructure company, now poised to bridge the gap between Bitcoin mining and AI-driven compute power.

Legal advisor: Katten Muchin Rosenman LLP.