CleanSpark's Major Power Acquisition Fuels AI and HPC Development in Texas

CleanSpark Expands Texas Footprint with Major Power Acquisition

CleanSpark, Inc., positioned as America’s Bitcoin Miner®, has recently made a significant announcement that marks a pivotal development in its strategic roadmap. The company has entered into a definitive agreement for the acquisition of up to 447 acres in Brazoria County, Texas. This expansion is set to facilitate the development of a large-scale data center capable of accommodating a demand load of 300 megawatts (MW) and potentially doubling that capacity in future expansions to reach a total of 600 MW.

Expected to close in the first quarter of 2026, this agreement is contingent on several factors, including various utility and property-related approvals. This marks CleanSpark’s second major initiative within the Electric Reliability Council of Texas (ERCOT) region, continuing its aggressive expansion strategy that began with its initial development in Austin County.

The planned site in Brazoria County will play a crucial role in establishing a robust regional power hub characterized by a potential combined capacity exceeding 890 MW across multiple projects. This infrastructure is designed to cater to large-scale, next-generation data centers specifically tailored for artificial intelligence (AI) and high-performance computing (HPC) workloads.

Matt Schultz, CleanSpark's Chief Executive Officer and Chairman, emphasized the growing demand for AI-native compute solutions, noting that access to transmission-level power in strategically beneficial regions is becoming increasingly scarce. He stated, “This agreement highlights our capacity to procure high-quality power at scale while contributing to the formation of a robust infrastructure that is highly appealing to leading AI and compute clientele.”

In further remarks, Jeff Thomas, the Senior Vice President of AI Data Centers at CleanSpark, stressed the importance of clustered capacity for clients planning extensive multi-campus deployments. He noted the approaching gigawatt of total potential capacity in the Houston area as a significant milestone. This level of scale, paired with CleanSpark's unique ability to deploy resources in diverse formats, positions the company as a formidable player in one of the nation’s most pivotal energy markets.

The company’s commitment to advancing its Texas development portfolio is evident as it continues to engage prospective co-location and compute partners interested in establishing scalable campuses designed for innovative technology applications.

In the realm of data center operations and Bitcoin mining, CleanSpark has made a name for itself by optimizing its infrastructure while constantly seeking to leverage competitive energy pricing. This new initiative in Texas not only reflects the company's ambitious strategies but also its dedication to delivering exceptional returns to shareholders by monetizing low-cost, reliable energy resources. With over 1.4 gigawatts of power and properties across the United States, CleanSpark is firmly positioned at the intersection of energy, Bitcoin mining, and cutting-edge technological advancements.

This acquisition is just one aspect of CleanSpark’s ongoing evolution in the tech landscape, signaling an exciting future for the company as it continues to innovate and expand its operational capabilities.