CleanSpark (CLSK) Stock Gains 6% on Texas AI Data Center Expansion

TLDR

• CleanSpark acquired 447 acres in Brazoria County, Texas to develop a 300-600 MW data center focused on AI and high-performance computing
• Shares jumped 6.29% to $13.34 with volume 89% above average following the announcement and analyst upgrade
• Northland Capital Markets issued “strong buy” rating with $22.50 target, implying 80% upside potential
• Rising Bitcoin mining difficulty at 146 trillion drives shift toward AI infrastructure among major miners
• Deal marks second Texas land purchase after October’s 271-acre acquisition, expected to close Q1 2026

CleanSpark secured 447 acres in Brazoria County, Texas for its latest AI infrastructure project. The company will develop a 300 megawatt data center with potential to scale up to 600 MW.

CleanSpark, Inc., CLSK

Shares closed Wednesday at $13.34, up 6.29% from the previous session. Trading volume reached 59.7 million shares, running 89% higher than the three-month average.

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

CEO Matt Schultz highlighted growing demand for AI-native computing infrastructure. He noted that access to transmission-level power in strategic locations has become increasingly limited.

Analyst Upgrade Drives Momentum

Northland Capital Markets upgraded CleanSpark to “strong buy” on Wednesday. The firm set a $22.50 price target, representing approximately 80% upside from current levels.

Analysts cited “abundant opportunities” for CleanSpark to expand into high-performance computing and AI data center infrastructure. The diversification reduces reliance on Bitcoin mining alone.

CleanSpark reached profitability in 2025. The company has a market cap of $3.4 billion with a 52-week trading range between $6.45 and $23.61.

Mining Difficulty Pushes Industry Pivot

Bitcoin mining difficulty peaked at 156 trillion in November 2025. Current difficulty stands at 146 trillion, creating margin pressure for miners.

CleanSpark joins a growing list of Bitcoin miners shifting toward AI infrastructure. MARA Holdings, Core Scientific, Hut 8, Riot Platforms, and TeraWulf have all announced similar pivots.

Other miners like Riot Platforms and MARA Holdings gained 3.34% and 1.46% respectively on Wednesday. The moves signal investor appetite for miners building large-scale power infrastructure.

Some companies are exploring alternative cost-reduction strategies. Canadian miner Canaan announced plans last week to supply compute heat to local greenhouses through a proof-of-concept program.

CleanSpark went public in 2016 and has declined 87% since its IPO. The company expects to close the Texas land deal in the first quarter of 2026.

The new facilities will support artificial intelligence and high-performance computing workloads. Combined with the October purchase, CleanSpark is establishing substantial infrastructure in Texas.

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