CleanSpark (NASDAQ: CLSK) has acquired rights to approximately 271 acres in Austin County, Texas, and signed long-term power purchasing agreements totaling 285 MW, boosting the company’s total capacity by 28%. The move is CleanSpark’s most direct action yet to establish an AI compute business line.
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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.
CleanSpark has already begun developing the site and expects to have over 200 MW online 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.
At time of publication, CLSK is up 5.4% during pre-market hours.
