CleanSpark snaps up 271-acre Texas site and 285 MW power deal to launch AI data center in Greater Houston

CleanSpark (CLSK) announced in a press release that it has acquired rights to approximately 271 acres in Austin County, Texas, and executed long-term power supply agreements totalling 285 MW, boosting contracted capacity by 28%. The move underpins development of an AI/ HPC data center campus in Greater Houston.

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The site sits on a major regional fiber backbone and lies adjacent to natural gas pipelines, offering the flexibility to incorporate behind-the-meter generation if needed. CleanSpark closed the transaction with a mix of cash and common stock, with additional cash payments contingent on post-closing milestones.

Phased development is already underway, with more than 200 MW of capacity expected to be energized in H2 2027.

Yesterday CleanSpark announced that it was collaborating with Submer to evaluate joint development of gigawatt-scale AI campuses across the United States.

Read More: JonesResearch recommends Hold on Cipher, Iren, Mara, CleanSpark and issues Buy Ratings on Hut 8, TeraWulf, Riot

At time of publication, CLSK is up 5.4% during pre-market hours.

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