CleanSpark Leverages Scarce Utility Power to Expand AI-Ready Campus Footprint in Texas and Georgia

CleanSpark leans on scarce utility power for AI push

Houston capacity drive anchors the company’s immediate expansion as CleanSpark secures up to 890 megawatts of utility-grade potential in the Houston region and expands an AI-ready site portfolio across Texas and Georgia. The company adds a 122-acre parcel at its Sandersville, Georgia, site and positions the land and power as foundational assets to attract AI tenancy. CleanSpark frames the moves as converting scarce power and land into long-duration infrastructure that can host compute-intensive workloads beyond bitcoin mining.

Management describes a multi-stream infrastructure strategy that uses bitcoin mining cash flow to underwrite AI campus development and a digital asset management arm that optimizes capital across cycles. Executives say bitcoin mining provides durable cash flow that funds long-duration investments in AI infrastructure, allowing the company to deploy capacity where returns are most attractive and to monetize assets over time. The company highlights the combination of high-quality utility connections, large contiguous land parcels and existing data center-ready build plans as advantages in competing for AI tenants that demand reliable, high-density power.

Operationally, the Houston commitment and expanded site footprint are intended to create a pipeline that converts utility potential into hosted AI capacity while maintaining existing mining operations. CleanSpark emphasizes that establishing “AI-ready” campuses requires both scarce, utility-grade power and flexibility to phase buildouts, and that the company’s footprint in Texas and Georgia gives it options to scale compute, colocate miners, or repurpose infrastructure depending on market demand.

CleanSpark posts quarterly revenue of $181.2 million, up 11.6% from $162.3 million a year earlier, but records a net loss of $378.7 million, or $1.35 per basic share, versus net income of $246.8 million in the prior-year quarter. Adjusted EBITDA moves to a loss of $295.4 million from positive $321.6 million a year earlier, reflecting the company’s simultaneous capital deployment and repositioning.

The company reports a strengthened balance sheet and working capital of $1.3 billion as of Dec. 31, 2025, including $458.1 million in cash and bitcoin holdings valued at $1.0 billion. Total mining assets stand at $867.4 million and total assets at $3.3 billion, against total long-term debt net of issuance costs of $1.8 billion and total stockholders’ equity of $1.4 billion, figures CleanSpark cites as supporting its multi-stream infrastructure roadmap.