TLDR
- CleanSpark bought 447 acres in Brazoria County, Texas to build a 300 MW data center expandable to 600 MW for AI workloads
- Stock rose 6.29% to $13.34 with trading volume jumping 89% above its three-month average
- Northland Capital Markets upgraded shares to “strong buy” with $22.50 price target citing AI infrastructure growth potential
- Bitcoin mining difficulty at 146 trillion pushes miners toward diversification into high-performance computing
- Transaction represents CleanSpark’s second Texas land deal following October 2025 purchase of 271 acres
CleanSpark closed 6.29% higher at $13.34 on Wednesday after announcing a 447-acre land purchase in Brazoria County, Texas. The company plans to build a 300 megawatt data center that could expand to 600 MW.
Trading volume hit 59.7 million shares, running 89% above the three-month average of 31.5 million. The spike came as investors digested both the land deal and a fresh analyst upgrade.
This marks the second Texas land acquisition for CleanSpark in recent months. The company purchased 271 acres in October 2025 to develop its first data center campus in the state.
CEO Matt Schultz said demand for AI-native computing continues accelerating. Access to transmission-level power in strategic regions has become more constrained, he added.
Strong Buy Rating Fuels Rally
Northland Capital Markets upgraded CleanSpark to “strong buy” on Wednesday. The firm established a $22.50 price target, implying roughly 80% upside from current prices.
Analysts pointed to “abundant opportunities” for the company to expand into high-performance computing and AI data center markets. The shift reduces dependence on Bitcoin mining operations alone.
CleanSpark turned profitable in 2025. The stock trades with a $3.4 billion market cap and a 52-week range spanning $6.45 to $23.61.
The company went public in 2016 but has dropped 87% since its IPO. Wednesday’s gains offered some relief after a prolonged downturn.
Mining Industry Shifts Toward AI Infrastructure
Bitcoin mining difficulty currently sits at 146 trillion after peaking at 156 trillion in November 2025. Rising difficulty levels squeeze profit margins for miners.
CleanSpark is part of a broader industry trend. MARA Holdings, Core Scientific, Hut 8, Riot Platforms, and TeraWulf have all pivoted toward AI and high-performance computing.
Riot Platforms gained 3.34% on Wednesday while MARA Holdings added 1.46%. The performances suggest investors favor miners building large-scale computing infrastructure.
Some companies are testing alternative approaches. Canadian miner Canaan announced last week it would participate in a program supplying compute heat to local greenhouses.
Deal Details and Timeline
CleanSpark expects to close the Texas transaction in the first quarter of 2026. The new facilities will focus specifically on artificial intelligence and high-performance computing applications.
Combined with the October land purchase, the company is assembling substantial Texas infrastructure. Both sites position CleanSpark to serve growing demand for AI computing power.
The 447-acre property provides room for the initial 300 MW build-out plus potential expansion to 600 MW. That scale could support meaningful revenue growth as capacity comes online.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
