Texas Buys $5M in BTC ETF as States Edge Toward First Government Crypto Reserves

Bitcoin miner CleanSpark has expanded its operations into artificial intelligence (AI) and high-performance computing (HPC) by acquiring facilities in Texas, a strategic move reflecting a broader trend of companies repurposing their infrastructure away from traditional cryptocurrency mining.

CleanSpark's shares have increased as the company expands its artificial intelligence (AI) power capacity in Texas, particularly in the Houston area, reflecting a strategic pivot towards high-performance computing infrastructure.

Bitcoin has surged to a 50-day high above $95,000, driven by cooling U.S. inflation, reduced ETF outflows, and escalating tensions between Iran and the U.S. This increase reflects Bitcoin's dual role as a macroeconomic asset and a geopolitical hedge.

U.S. bitcoin buyers are currently driving a price rally, reversing a trend observed in late 2025 where the cryptocurrency faced significant declines. This resurgence is linked to the strength of U.S. equities, particularly influenced by the investment strategies of major players like Strategy.

Bitcoin's price has reclaimed the $95,000 mark, buoyed by strong demand for spot exchange-traded funds (ETFs) and a decrease in futures selling pressure, which has helped stabilize market sentiment after a period of volatility. As of the latest update, Bitcoin was trading at approximately $95,033, reflecting a 3.2% increase.

The cryptocurrency market remained stable as traders awaited the U.S. Supreme Court's decision regarding tariffs imposed during Donald Trump's presidency, with Bitcoin's price rising to over $94,000. This stability follows the release of the December consumer inflation report, which has influenced market sentiment.