NEW YORK, Jan 14, 2026, 11:44 EST — Regular session
- Shares of CleanSpark jumped almost 9% following the announcement of a Texas power and land deal linked to AI data centers
- Company announced the Brazoria County site can initially handle 300 MW, with potential to grow to 600 MW
- Bitcoin and other miners listed in the U.S. climbed during Wednesday’s session
CleanSpark shares surged Wednesday after the bitcoin miner revealed plans to acquire up to 447 acres in Texas for a major data center focused on AI and high-performance computing. The stock climbed 8.8% to $13.66 in late-morning Nasdaq trading.
The announcement arrives as miners search for a fresh opportunity. AI computing is gobbling up power, grid connections, and real estate, while bitcoin miners hold substantial energy contracts that could be redirected if the numbers make sense.
CleanSpark announced its Brazoria County site near Houston includes a long-term transmission facilities extension agreement, providing a clear route to high-voltage grid power. The setup supports a 300-megawatt demand load, with room to expand to 600 MW. “Access to transmission-level power in strategically advantageous regions has become increasingly constrained,” CEO Matt Schultz said. Jeff Thomas, senior VP of AI data centers, highlighted “clustered capacity” as a major attraction for customers. PR Newswire
The stock move followed crypto’s lead. Bitcoin climbed roughly 4% to about $97,454, while miners Marathon Digital and Riot Platforms rose around 3% and 5%, respectively.
Analysts are zeroing in on a familiar theme. On Tuesday, Northland Capital Markets kicked off coverage with an outperform rating and set a $22.50 price target, highlighting potential wins in high-performance computing leases on favorable terms.
CleanSpark has been building its presence in Texas for several months. An October filing revealed the company secured rights to roughly 271 acres in Austin County and inked long-term power supply deals covering 285 MW for a data center campus.
Investors aren’t just eyeing one parcel of land—they’re after flexibility. Bitcoin mining hinges on token prices and network difficulty. Leasing power and space to AI clients might offer steadier income, provided tenants materialize and contracts make financial sense.
It’s still early days. CleanSpark hasn’t revealed the deal terms yet. The company says closing hinges on utility and property approvals—steps that could delay the process given Texas’ already congested interconnection queue.
Spending is another wildcard. Large data centers require significant upfront investment in power equipment, cooling systems, and construction long before they start turning a profit, leaving miners vulnerable to volatile markets as payment deadlines approach.
Traders are focused on clear signals: securing financing, hitting construction milestones, and locking in customer commitments for co-location — where clients lease power, space, and cooling instead of building their own facilities.
CleanSpark’s next earnings report is due around Feb. 5, per Zacks. Investors will focus on any updates to capital spending and a firmer timeline for the Brazoria County project.
Related articles: NASDAQ:CLSK
