Make better investment decisions with Simply Wall St’s easy, visual tools that give you a competitive edge.
-
CleanSpark (NasdaqCM:CLSK) outlined plans to acquire up to 447 acres in Texas to build large-scale data centers.
-
The planned sites are intended to support 300 to 600 megawatts of capacity aimed at AI and high performance computing workloads.
-
This expansion would add a new business line alongside CleanSpark’s existing bitcoin mining operations.
CleanSpark, trading at around $11.84 per share, is best known as a bitcoin miner. Its return of about 237.3% over the past 3 years and gain of 13.4% over the past year highlight how volatile and event driven the stock can be. Over the past month the share price is up 17.0%, while the past week shows a 13.6% decline, underscoring the swings investors have had to contend with.
The Texas data center plan introduces exposure to AI and high performance computing services. This could add a different revenue profile to the existing crypto focused model over time. For investors, the key questions will be how CleanSpark funds and phases this build out, and how quickly it can convert planned capacity into contracted customers in these newer markets.
Stay updated on the most important news stories for CleanSpark by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on CleanSpark.
How CleanSpark stacks up against its biggest competitors
For CleanSpark, moving into large scale Texas data centers aimed at AI and high performance computing shifts the story from a single revenue engine in Bitcoin mining toward a dual focused model. Investors will likely pay close attention to whether the company can compete with established data center and AI infrastructure names such as Core Scientific, Marathon Digital, and traditional colocation providers on power pricing, uptime, and time to market for this 300 to 600 megawatt build.
The Texas plan lines up with existing analyst narratives that frame CleanSpark as trying to repurpose its power and data center footprint for higher value compute uses, not just Bitcoin mining. Both bullish and cautious narratives already highlight AI and HPC data centers as a potential second act, so this announcement essentially puts more concrete acreage and megawatts behind that thesis for investors who are tracking how the business mix might evolve.
-
Large, power rich Texas sites could position CleanSpark to serve AI and HPC customers that need high density capacity when supply is tight.
-
A second business line beyond Bitcoin mining may diversify revenue sources over time, reducing reliance on a single commodity linked activity.
-
The build out is capital intensive, and analysts already expect pressure on near term earnings, so funding terms and returns on invested capital are key watchpoints.
-
Execution risk is high, from permitting to construction timing and signing long term tenants, and delays could leave CleanSpark with underutilized power contracts.
