CleanSpark Acquires Land and Power Agreements for AI Data Center in Texas

CleanSpark, Inc. announced on October 29, 2025, the acquisition of approximately 271 acres of land in Austin County, Texas, along with long-term power supply agreements totaling 285 megawatts. These transactions support the development of a next-generation data center campus aimed at meeting the growing demand for AI, cloud, and enterprise workloads. The company paid a combination of cash and shares of its common stock at closing, with additional cash consideration payable upon post-closing events. This move marks CleanSpark's strategic expansion into the Texas market, leveraging its infrastructure-first model to diversify beyond bitcoin mining into high-performance compute and AI infrastructure. The site is strategically located on a major fiber backbone with strong grid infrastructure, providing a platform for scalable and energy-efficient data center development.