CleanSpark stock jumped after the company disclosed a major land and power deal in Brazoria County that positions it to build AI- and HPC-ready capacity near Houston.
CleanSpark entered a definitive agreement to acquire up to 447 acres in Brazoria County and a long‑term transmission facilities extension agreement, the company said. The site is designed to support a 300 MW demand load at launch, with room to add another 300 MW and further expansion potential. The closing is expected in el primer trimestre de 2026, and remains subject to customary utility and property approvals.
This Brazoria project complements an earlier acquisition announced on 29 de oct. de 2025 in Austin County (271 acres and 285 MW). Together the two Texas sites give CleanSpark more than 890 MW of aggregate potential utility capacity in the greater Houston area, creating regional density attractive to AI and HPC customers.
Market reaction, financing and operational profile
Shares moved sharply on 14 jan. rising roughly 3.5%–9% after the land deal and related disclosures. Analysts responded with upbeat coverage: Northland Securities started with an Outperform rating and a $22.50 price target, while Macquarie raised its target to $30 and maintained an Outperform view.
CleanSpark is funding the expansion through a mix of liquidity tools and balance‑sheet assets. The company secured a $200 million bitcoin‑backed credit facility from Coinbase Prime and completed an upsized $1.15 billion convertible senior notes offering. Those facilities sit alongside a bitcoin treasury of more than 13.000 BTC and an operational bitcoin mining hashrate of 50 EH/s, metrics the company highlighted to show both capital depth and execution capability.
Analysts and the market have framed the expansion as part of a broader industry pivot: miners can reuse power infrastructure and site expertise to host AI and HPC workloads that promise steadier, contractable revenue than spot bitcoin mining.
Investors now have a clear near‑term test: the expected closing in el primer trimestre de 2026 and subsequent permitting and transmission milestones. Those outcomes will determine whether CleanSpark can convert land and power commitments into contracted AI capacity and more predictable cash flows.
