CleanSpark (CLSK) Acquires 447 Acres in Texas for 600 MW Data Center Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Strategic Acquisition: CleanSpark has entered into a definitive agreement to acquire 447 acres in Brazoria County, Texas, and a long-term transmission facilities extension agreement, positioning the company to develop a 600 MW data center, further solidifying its infrastructure footprint in the ERCOT greater Houston region.
- Growing Power Demand: The project will support a demand load of 300 MW with potential expansion to 600 MW, addressing the increasing demand for AI and high-performance computing workloads, thereby enhancing the company's competitiveness in the rapidly evolving data center market.
- Regional Power Hub: This acquisition brings CleanSpark's total potential power capacity in the Houston area close to 1 GW, strengthening its critical capabilities for large multi-campus deployments and attracting interest from leading AI and compute customers.
- Long-term Development Strategy: CleanSpark plans to continue advancing its Texas development portfolio while engaging with prospective co-location and compute partners, aiming to establish durable infrastructure platforms that support long-term growth.
Analyst Views on CLSK
Wall Street analysts forecast CLSK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLSK is 24.50 USD with a low forecast of 14.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 11.960
Low
14.00
Averages
24.50
High
30.00
Current: 11.960
Low
14.00
Averages
24.50
High
30.00
About CLSK
CleanSpark, Inc. is a bitcoin mining company. The Company independently owns and operates data centers across the United States with locations in Georgia, Mississippi, Tennessee and Wyoming for a total contracted power capacity of approximately 853 megawatts (MW). The Company designs its infrastructure to responsibly secure and support the bitcoin network. Its operating mining units are capable of producing over 40 exahashes per second (EH/s) of computing power. The Company operates approximately 188,500 bitcoin mining machines, with a hashrate capacity of approximately 27.6 EH/s and a fleetwide efficiency of 21.94 joules per terahash (J/TH). The Company's subsidiaries include ATL Data Centers LLC, CleanBlok, Inc., CleanSpark DW, LLC, CleanSpark GLP, LLC, CSRE Properties Washington, LLC, CSRE Properties Dalton, LLC, CSRE Property Management Company, LLC, and CSRE Properties Norcross, LLC, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
