Overview
- CleanSpark entered a definitive agreement for up to 447 acres in Brazoria County, paired with a long-term transmission extension enabling 300 MW initially and potential expansion to 600 MW.
- The company expects the transaction to close in the first quarter of 2026, subject to utility and property approvals and other closing conditions.
- The Brazoria County project is CleanSpark’s second development in ERCOT’s greater Houston region, bringing combined potential utility capacity with its Austin County site to more than 890 MW.
- Executives highlighted transmission-connected, clustered capacity and flexibility to deploy in front of and behind the meter as key advantages for large AI customers.
- Shares rose about 6% to $13.34 on elevated volume, and Northland Capital Markets upgraded the stock to strong buy with a $22.50 target as miners increasingly diversify due to tougher Bitcoin economics.