CleanSpark Expands Texas Footprint with Major Power Acquisition Near Houston to Support Scaled AI and HPC Development

Rhea-AI Summary

CleanSpark (Nasdaq: CLSK) entered a definitive agreement to acquire up to 447 acres in Brazoria County, Texas plus a long-term transmission facilities extension to enable a 300 MW demand load with potential expansion of another 300 MW (600 MW total). Closing is expected in Q1 2026, subject to utility and property approvals. This is CleanSpark's second ERCOT Houston-area development, contributing to a regional hub with more than 890 MW of aggregate potential utility capacity to serve AI and HPC data center campuses.

Positive

• 447 acres secured for large-scale data center development
• Initial 300 MW transmission-level power enabled at site
• Expandable to 600 MW total potential on the site
• Regional hub now > 890 MW aggregate potential utility capacity
• Targets AI and HPC customers needing large, clustered capacity

Negative

• Closing contingent on utility and property approvals, risking delays
• No disclosed financial terms or timetable beyond Q1 2026

News Market Reaction

+6.29%

57 alerts

+6.29% News Effect

+6.8% Peak in 4 hr 42 min

+$212M Valuation Impact

$3.58B Market Cap

1.4x Rel. Volume

On the day this news was published, CLSK gained 6.29%, reflecting a notable positive market reaction. Argus tracked a peak move of +6.8% during that session. Our momentum scanner triggered 57 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $212M to the company's valuation, bringing the market cap to $3.58B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Land acquired: up to 447 acres Initial power load: 300 MW Expansion power capacity: up to additional 300 MW +2 more

5 metrics

Land acquired up to 447 acres Brazoria County, Texas data center development

Initial power load 300 MW Transmission-level power enabling data center demand load

Expansion power capacity up to additional 300 MW Potential expansion at Brazoria County site

Total site potential 600 MW Combined potential capacity at new Brazoria County project

Regional potential capacity more than 890 MW Aggregate potential utility capacity in greater Houston region

Market Reality Check

Price: $13.71 Vol: Volume 28,834,613 vs 20-d...

normal vol

$13.71 Last Close

Volume Volume 28,834,613 vs 20-day avg 23,505,669 (about 1.23x average activity) normal

Technical Price $12.55 is trading above 200-day MA at $11.72, but 46.84% below 52-week high and 94.51% above 52-week low

Peers on Argus

CLSK was up about 4.93% pre-news while peers were mixed: CIFR (-0.38%), HUT (+0....

CLSK was up about 4.93% pre-news while peers were mixed: CIFR (-0.38%), HUT (+0.24%), MRX (+0.21%), WULF (+0.11%), MARA (+0.46%). No broad, synchronized sector move indicated.

Historical Context

5 past events · Latest: Jan 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 06	Mining update	Positive	-2.5%	December bitcoin production growth and expansion into AI data centers.
Dec 03	Mining & results	Positive	+5.7%	November mining metrics and strong fiscal 2025 revenue and financing.
Nov 25	Earnings results	Positive	+3.0%	Record FY 2025 revenue, profitability, and expanded capital resources.
Nov 19	Earnings webcast	Neutral	-5.5%	Announcement of webcast to discuss full‑year 2025 financial results.
Nov 13	Convertible offering	Neutral	-10.1%	Closing of upsized $1.15B 0% convertible senior notes and share buyback.

Pattern Detected

Recent news often positive, but price reactions have been mixed with more divergences than alignments, especially around financing and routine updates.

Recent Company History

Over the last few months, CleanSpark reported record FY 2025 results with $766.3M revenue, strong net income, and a major $1.15B zero‑coupon convertible notes deal to fund power and land expansion. Operationally, it scaled hashrate above 50 EH/s and expanded contracted power to 1.45 GW. Monthly bitcoin updates highlighted rising production and a growing Texas footprint, including a 271‑acre AI/HPC site with 285 MW power. Today’s Texas AI/HPC power acquisition builds directly on that strategy of large, power‑dense campuses.

Market Pulse Summary

The stock moved +6.3% in the session following this news. A strong positive reaction aligns with Cle...

Analysis

The stock moved +6.3% in the session following this news. A strong positive reaction aligns with CleanSpark’s strategy of converting its power portfolio into AI and HPC infrastructure. The new Brazoria County deal adds up to 447 acres and 300–600 MW of potential capacity, complementing prior Texas expansion. With short‑term moves around past news sometimes reversing, investors have historically faced volatility around financing and growth announcements, so position sizing and time horizon have been key considerations.

Key Terms

high-performance computing, transmission-level power, co-location, behind the meter

4 terms

high-performance computing technical

"designed for artificial intelligence and high-performance computing workloads"

A cluster of very powerful computers, special chips and fast networks designed to tackle huge, complex calculations far faster than a normal PC — like replacing a single delivery van with a synchronized fleet to move a city’s worth of packages. For investors, high-performance computing matters because it enables faster product development, more accurate simulations and data analysis, and new revenue streams for hardware, software and services, making firms that supply or use it potentially more competitive and scalable.

transmission-level power technical

"data center project with transmission-level power enabling a 300 MW demand load"

Transmission-level power is the strength of a signal a device or transmitter puts out into the airwaves, measured at the point it leaves the transmitter. For investors, it matters because higher transmission power can mean wider coverage and better product performance, while also triggering stricter regulatory limits, higher energy use, and potential interference — like a louder speaker reaching more listeners but possibly breaking noise rules or draining the battery faster.

co-location technical

"engaging with prospective co-location and compute partners seeking large, scalable campuses"

Co-location is when a trading firm places its computer servers in the same physical data center as an exchange’s matching engine so its orders travel a much shorter distance and face far less delay. For investors, that speed advantage can mean faster trade execution and slightly better prices for firms with co-located systems, which can influence market liquidity, short-term price moves and the fairness of competition among traders.

behind the meter technical

"flexibility to deploy both in front of and behind the meter"

Energy generation or equipment located on a customer’s side of the utility meter, such as rooftop solar panels, battery storage, electric vehicle chargers or energy-saving controls. It matters to investors because it reduces the amount of electricity bought from utilities, can lower operating costs for businesses, change utility revenue patterns, and shift demand in energy markets—like a homeowner installing a rain barrel that cuts water bought from the city and alters suppliers’ sales.

AI-generated analysis. Not financial advice.

LAS VEGAS, Jan. 14, 2026 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), announced today it has entered into a definitive agreement to acquire up to 447 acres of land in Brazoria County, Texas, and a long-term transmission facilities extension agreement, positioning the Company to develop a large-scale data center project with transmission-level power enabling a 300 MW demand load and potential capacity for further expansion of up to 300 MW totaling 600 MW. The closing is expected in Q1 2026, contingent upon, among other items, utility and property related approvals.

This transaction represents CleanSpark's second strategic development initiative in ERCOT's greater Houston region (first being Austin County), further establishing a regional power and infrastructure hub with more than 890 megawatts of aggregate potential utility capacity. Together, these sites are intended to support the development of large-scale, next-generation data center campuses designed for artificial intelligence and high-performance computing workloads.

"The demand for scaled, AI-native compute continues to accelerate, and access to transmission-level power in strategically advantageous regions has become increasingly constrained," said Matt Schultz, CleanSpark's Chief Executive Officer and Chairman. "This agreement underscores our ability to source and secure high-quality power at scale while building regional density that is highly attractive to leading AI and compute customers. As we advance our development pipeline, our focus remains on creating durable infrastructure platforms capable of supporting long-term, multi-phase growth."

"Clustered capacity is a critical differentiator for customers planning large, multi-campus deployments," said Jeff Thomas, Senior Vice President of AI Data Centers at CleanSpark. "With this addition, we are approaching a gigawatt of total potential capacity in the Houston area. That scale, combined with our flexibility to deploy both in front of and behind the meter, positions us to deliver a true AI factory offering in one of the most important power markets in the country."

CleanSpark expects to continue advancing its Texas development portfolio while engaging with prospective co-location and compute partners seeking large, scalable campuses.

About CleanSpark
CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading data center developer with a proven track record of success. We own a portfolio of more than 1.4 GW of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts, such as statements concerning the anticipated benefits of the acquisition announced in this press release . All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as "plan," "believe," "goal," "target," "aim," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would," "will" and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of CleanSpark's management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others, the Company's ability to execute on its business strategy, including, but not limited to, conditions to the completion of the closing, such as utility and property related approvals, not being satisfied; closing of the transaction being delayed or not occurring at all; the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the definitive agreement; the Company being unable to achieve the anticipated benefits of the transaction; the acquired assets not performing as expected; the Company assuming unexpected risks and liabilities; significant transaction costs associated with the transaction; the Company's ability to diversify and expand into the data center development market; the Company's limited experience with respect to the new markets it seeks to enter, including the data center development market, and the other risks described in the Company's prior press releases and in the Company's filings with the Securities and Exchange Commission (the "SEC"), including under the heading "Risk Factors" in those filings, and other risks the Company may identify from time to time. Forward-looking statements contained herein are made only as to the date of this press release, and the Company assumes no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.

Investor Relations Contact 
Harry Sudock
702-989-7693
ir@cleanspark.com

Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com

 

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SOURCE CleanSpark, Inc.

FAQ

What did CleanSpark (CLSK) announce on January 14, 2026 about Texas expansion?

CleanSpark announced a definitive agreement to acquire up to 447 acres in Brazoria County plus a transmission extension to enable a 300 MW load with potential expansion to 600 MW.

When is the CleanSpark Brazoria County acquisition expected to close for CLSK?

The closing is expected in Q1 2026, contingent on utility and property approvals.

How much aggregate utility capacity does CleanSpark say it can support in the greater Houston region for CLSK?

The company cites more than 890 MW of aggregate potential utility capacity across its Houston-area sites.

What capacity will the new CleanSpark Texas site support for AI and HPC (CLSK)?

The site will enable a 300 MW transmission-level demand load with potential for an additional 300 MW, totaling 600 MW.

What are the main risks for CleanSpark's Texas data center project (CLSK)?

Key risks include obtaining required utility and property approvals and any resulting timing or permitting delays.