CleanSpark signs agreement to develop large-scale data center project

CleanSpark (CLSK) announced it has entered into a definitive agreement to acquire up to 447 acres of land in Brazoria County, Texas, and a long-term transmission facilities extension agreement, positioning the Company to develop a large-scale data center project with transmission-level power enabling a 300 MW demand load and potential capacity for further expansion of up to 300 MW totaling 600 MW. The closing is expected in Q1 contingent upon, among other items, utility and property related approvals. This transaction represents CleanSpark’s second strategic development initiative in ERCOT’s greater Houston region, further establishing a regional power and infrastructure hub with more than 890 megawatts of aggregate potential utility capacity.