J.P. Morgan stays overweight CleanSpark, citing AI inference uses for Texas sites

1 hour ago 1

Edwin Ziheng Wang

Thu, January 15, 2026 astatine 9:03 AM CST 2 min read

J.P. Morgan maintained an overweight standing connected CleanSpark (NASDAQ: CLSK) connected Wednesday pursuing quality of the bitcoin miner’s 2nd onshore acquisition successful Texas.

The expert note, authored by Reggie Smith and Charles Pearce, claimed CleanSpark has a chiseled presumption compared to its peers expanding into AI, with the institution controlling astir 1 GW of powerfulness capableness wrong 100 miles of ample cities. This footprint includes infrastructure adjacent Houston and Atlanta.

Prediction Market powered by

The analysts highlighted that CleanSpark noted its sites’ proximity to municipality centers makes them peculiarly suitable for inference applications.

J.P. Morgan’s enactment follows the announcement that CleanSpark entered a definitive statement to get 447 acres successful Brazoria County, Texas. The tract is located astir 40 miles southbound of Houston, and CleanSpark plans to make the onshore into an AI/HPC installation contingent connected approvals.

The acquisition includes a semipermanent transmission hold statement to proviso an archetypal 300 MW of power. Infrastructure astatine the determination holds the imaginable to enactment up to 600 MW implicit time. CleanSpark expects the transaction to adjacent successful the archetypal 4th of 2026.

J.P. Morgan estimated the grid transportation process volition necessitate 12 to 24 months. CleanSpark volition pat section utilities to instal high-voltage lines and an on-site substation during this period. The institution whitethorn besides statesman engaging imaginable tenants oregon constructing a information halfway ammunition during this time.

The woody marks the 2nd Texas acquisition for CleanSpark successful little than 3 months, bringing CleanSpark’s full imaginable capableness successful the authorities to astir 885 MW. This includes the company’s 285 MW tract successful Austin County, Texas. CleanSpark expects archetypal energization of 200 MW astatine the Austin County tract successful the archetypal fractional of 2027. Both of these Texas sites beryllium wrong 75 miles of Houston.

The analysts besides pointed to ongoing involvement successful the company’s 230 MW bitcoin excavation successful Sandersville, Georgia arsenic a imaginable spot for AI expansion.

Header representation by Carol M. Highsmith via Wikimedia Commons.