CleanSpark (CLSK) Stock Gains as Bitcoin Miner Buys Texas Land for AI Data Center Push

TLDR

• CleanSpark purchased 447 acres in Brazoria County, Texas for a 300 MW data center that could expand to 600 MW for AI and HPC workloads
• The stock closed up 6.29% at $13.34 on Wednesday with trading volume 89% above its three-month average
• Northland Capital Markets upgraded CleanSpark to “strong buy” with a $22.50 price target, citing expansion opportunities in AI infrastructure
• Bitcoin mining difficulty hit 156 trillion in November 2025, pushing miners like MARA Holdings, Core Scientific, and Riot Platforms toward AI diversification
• This marks CleanSpark’s second Texas land purchase after buying 271 acres in October 2025 for its first data center campus

CleanSpark bought 447 acres of land in Brazoria County, Texas as it continues moving away from pure Bitcoin mining into AI infrastructure. The company plans to build a 300 megawatt data center on the property with room to expand to 600 MW.

The purchase represents CleanSpark’s second major Texas land acquisition in recent months. Back in October 2025, the company bought 271 acres for its first data center campus in the state.

Chairman and CEO Matt Schultz said demand for AI-focused computing keeps growing. He pointed out that access to transmission-level power in key regions has become harder to find.

CleanSpark, Inc., CLSK

CleanSpark stock jumped 6.29% on Wednesday, closing at $13.34. Trading volume hit 59.7 million shares, about 89% higher than its three-month average of 31.5 million shares.

The rally came after Northland Capital Markets upgraded the stock to “strong buy” with a $22.50 price target. That represents roughly 80% upside from current levels.

Mining Difficulty Forces Strategic Shift

Bitcoin mining difficulty peaked at 156 trillion in November 2025. The metric stood at 146 trillion as of the latest data.

These rising difficulty levels have squeezed profit margins for miners. CleanSpark isn’t alone in pivoting toward AI and high-performance computing.

MARA Holdings, Core Scientific, Hut 8, Riot Platforms, and TeraWulf have all announced similar moves. Some repurposed existing infrastructure while others revealed plans to build new AI-focused facilities.

Other miners are exploring different cost-cutting strategies. Canadian Bitcoin miner Canaan said last week it would join a proof-of-concept program to supply compute heat to local greenhouses.

On Wednesday, fellow miners MARA Holdings and Riot Platforms gained 1.46% and 3.34% respectively. The moves suggest investors are backing miners that pursue larger power infrastructure projects.

Stock Performance and Deal Timeline

CleanSpark went public through an IPO in 2016. The stock has fallen 87% since then.

The company’s market cap now stands at $3.4 billion. Its 52-week range spans from $6.45 to $23.61.

CleanSpark reached profitability in 2025. The company expects to close the Texas land deal in the first quarter of 2026.

The new facilities will focus on artificial intelligence and high-performance computing workloads. Combined with the October purchase, CleanSpark is building out substantial Texas infrastructure.

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