CleanSpark acquires large-scale power assets in Texas to support AI and high-performance computing development

Foresight News reported that Nasdaq-listed bitcoin mining company CleanSpark announced it has signed an agreement to acquire 447 acres of land in Brazoria County, Texas, and has reached a long-term transmission facility expansion agreement with a power company. This move will support the company in developing a large-scale data center project to meet a demand of 300 MW, with the potential to expand to 600 MW. The transaction is expected to be completed in the first quarter of 2026, pending utility and property-related approvals.

This transaction marks CleanSpark's second strategic development project in the greater Houston area of ERCOT (the first being in Austin County), further establishing a regional power and infrastructure hub exceeding 890 MW. These sites are designed to support the development of large-scale, next-generation data center campuses to handle artificial intelligence and high-performance computing workloads.