Overview
- CleanSpark signed a definitive agreement for up to 447 acres in Brazoria County plus a transmission extension enabling an initial 300 MW with expansion potential to 600 MW.
- Together with its October Austin County site, the company cites more than 890 MW of aggregate potential utility capacity in ERCOT’s greater Houston region.
- The Texas portfolio is intended for large, transmission-connected campuses tailored to artificial intelligence and high-performance computing workloads.
- Shares closed up 6.29% at $13.34 on elevated volume after the announcement, and Northland Capital Markets raised its rating to strong buy with a $22.50 target.
- Access to scarce transmission-level power is central to the strategy as miners face rising Bitcoin mining difficulty and pivot toward steadier compute infrastructure.