CleanSpark CLSK Secures 600MW Texas Power Deal for AI Data Centers

CleanSpark has locked down its second major Texas power deal in months, acquiring 447 acres in Brazoria County with transmission-level infrastructure supporting 300MW of immediate demand load and expansion potential to 600MW. The transaction, expected to close in Q1 2026, gives the Bitcoin miner approaching 1 gigawatt of aggregate capacity in the greater Houston region.

CLSK shares traded at $12.55 on January 14, up 2.09% as the company continues its aggressive pivot toward AI and high-performance computing infrastructure.

Building Regional Density

This marks CleanSpark's second strategic land grab in ERCOT's Houston corridor, following a previous acquisition in Austin County. Combined, the two sites represent more than 890MW of potential utility capacity—scale that matters to hyperscalers planning multi-campus AI deployments.

"Clustered capacity is a critical differentiator for customers planning large, multi-campus deployments," said Jeff Thomas, CleanSpark's Senior Vice President of AI Data Centers. The company is positioning these assets as "AI factory" offerings, with flexibility to deploy power both in front of and behind the meter.

The Miner-to-AI Play

CleanSpark isn't alone in this strategy. Bitcoin miners have spent years developing expertise in securing cheap power at scale—exactly what AI compute demands. The company already operates more than 1.4GW of power capacity across U.S. data centers, built on what it calls "globally competitive energy prices."

CEO Matt Schultz framed the acquisition around supply constraints: "Access to transmission-level power in strategically advantageous regions has become increasingly constrained." Translation—miners who locked down power early now hold valuable real estate for AI infrastructure.

What's Still Unknown

The deal remains contingent on utility and property approvals. CleanSpark hasn't disclosed acquisition costs, timeline for development, or any signed co-location agreements with AI customers. The company says it's "engaging with prospective co-location and compute partners," but no names have been announced.

For traders watching the miner-to-AI thesis, CleanSpark's Houston buildout offers concrete megawatt figures rather than vague promises. Whether those megawatts translate to AI revenue depends on execution and customer contracts that haven't materialized publicly yet.