TLDR
- CleanSpark announced the acquisition of 447 acres in Texas to develop a large-scale AI-focused data center.
- The new facility could add up to 600 megawatts to CleanSpark’s regional energy capacity.
- CleanSpark’s total potential utility capacity in the region may reach 890 megawatts after the expansion.
- The company aims to meet the growing demand for AI-native high-performance compute infrastructure in the U.S.
- Bitfarms confirmed its plans to redomicile to the United States to improve access to capital and stock index eligibility.
CleanSpark and Bitfarms stocks climbed on Wednesday as both companies revealed strategic moves to strengthen U.S. data infrastructure. CleanSpark announced plans to acquire land for an AI-focused data center, while Bitfarms accelerated its U.S. redomiciling efforts. Both firms aim to expand their capacity to meet growing demand for high-performance computing.
CleanSpark Acquires Texas Land to Build Large-Scale AI Data Center
CleanSpark’s stock (Nasdaq: CLSK) rose by 5% following news of a second Texas expansion targeting AI computing infrastructure. The company confirmed it signed a definitive agreement to purchase 447 acres in Brazoria County for development. This project adds up to 600 megawatts (MW) to its regional energy potential.
With this addition, CleanSpark’s total utility capacity in the area could reach 890 MW, supporting its long-term HPC goals. The company emphasized the urgency of securing access to large-scale transmission-level power. CleanSpark aims to meet the accelerating demand for compute resources tied to artificial intelligence.
“The demand for scaled, AI-native compute continues to accelerate,” CEO Zach Bradford said in the statement. He added the firm is “building regional density that is highly attractive to leading AI and compute customers.”
The company’s strategy aligns with trends among bitcoin miners shifting toward AI-related operations.
Bitfarms Pushes U.S. Shift, Names New Board Chair
Bitfarms (Nasdaq: BITF) saw its shares climb after appointing Edie Hofmeister as board chair and announcing progress in redomiciling to the U.S. Hofmeister brings legal and governance experience from managing public and private offerings, stock listings, and M&A activity. She said her focus will be on maintaining governance while supporting Bitfarms’ HPC and AI expansion strategy.
Bitfarms intends to improve its access to U.S. capital markets and increase its index eligibility. The firm fully exited Latin America, realigning its infrastructure portfolio toward U.S. operations.
“My experience leading risk and governance functions has taught me the importance of strong foundations during periods of change,” Hofmeister stated.
President Trump’s vocal support for U.S.-based bitcoin infrastructure may also encourage Bitfarms’ redomiciliation. His sons are shareholders in American Bitcoin Corp. (ABTC), a subsidiary of Hut 8 with growing U.S. operations. The firm is investing in gigawatt-scale campuses to expand its AI workload capabilities.
Other Miners Boost AI Efforts as U.S. Infrastructure Expands
Cipher Mining Inc. (Nasdaq: CIFR) recently acquired a 200 MW site in Ohio and hired industry veteran Lee Bratcher. This marks Cipher’s first expansion beyond Texas and supports its AI-driven strategy. The company’s stock has risen from $2 last year to over $25 recently, now trading at $18.30.
Meanwhile, Hive Digital, Core Scientific (CORZ), and IREN are increasingly known for AI infrastructure investments. These firms continue to grow beyond crypto, using their data centers for high-performance workloads. Riot and Marathon Digital Holdings (MARA) also maintain bitcoin mining while developing HPC operations.
Bitdeer leads in bitcoin mining capacity, managing over 71 EH/s in global operations across multiple continents. The company also invests in custom SEALMINER chips and U.S.-based HPC infrastructure. MARA’s CEO Fred Thiel said in a CNBC interview that sovereign compute is critical due to global tensions.
CleanSpark and Bitfarms’ latest moves signal a clear strategy shift toward U.S.-based AI infrastructure growth. As of Wednesday, CleanSpark closed higher on Nasdaq, while Bitfarms advanced its governance structure to support future expansion.
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