CleanSpark Secures Land for 600 MW Texas Data Center Expansion

Event summary

  • CleanSpark agreed to acquire up to 447 acres in Brazoria County, Texas, with a long-term transmission facilities extension agreement supporting a 600 MW data center.
  • The deal marks CleanSpark's second Texas county acquisition, following a previous 271-acre and 285 MW purchase in Austin County.
  • January 2026 Bitcoin production totaled 573 BTC, with an operational hashrate of 50.0 EH/s.
  • CleanSpark sold 158.63 BTC in January, generating $14.55 million in proceeds at an average price of $91,752 per BTC.
  • The company's power portfolio includes 1.8 GW under contract and 808 MW utilized.

The big picture

CleanSpark's aggressive scaling of its power and land portfolio in Texas positions it to capitalize on the growing demand for AI and high-performance computing data centers. The company's ability to secure transmission-level power agreements highlights its strategic focus on energy-intensive infrastructure. This expansion comes as the Bitcoin mining industry continues to consolidate, with operators seeking economies of scale and access to low-cost power.

What we're watching

Execution Risk
Whether CleanSpark can successfully close the Brazoria County acquisition and secure necessary approvals by Q1 2026.
Market Demand
The pace at which CleanSpark can secure data center tenants to fill the 600 MW capacity in Texas.
Strategic Diversification
How CleanSpark's expansion into AI data centers will impact its Bitcoin mining operations and overall growth strategy.

Related topics

Acquisition Expansion