CleanSpark, Inc. (NASDAQ:CLSK) shares surged on Wednesday after it announced it is expanding its Texas footprint with a land-and-transmission deal near Houston aimed at powering large-scale data center campuses built for artificial intelligence and high-performance computing.

The move targets a scarce resource in today’s market: transmission-level electricity in a strategically located grid.

The company signed a definitive agreement to acquire up to 447 acres in Brazoria County, Texas, along with a long-term extension arrangement for transmission facilities. CleanSpark anticipates that the site will initially support approximately 300 megawatts, with potential for expansion up to 600…

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