CleanSpark shares, listed on Nasdaq and engaged in Bitcoin mining, surged by over 13 percent after the company’s announcement of a new strategic focus.
CleanSpark is the 5th largest Bitcoin exchange (BTC( based on market capitalization) announced its new expansion strategy into AI datacenters infrastructure. This is aimed at diversifying revenue streams and strengthening long-term cashflow potential.
CleanSpark has appointed Jeffrey Thomas to lead this initiative as its senior vice president for AI data centres. announced On Monday,
Thomas was the former President of AI Datacenters for Saudi AI company Humain. He led Saudi Arabia’s multibillion-dollar AI Datacenter program. The announcement states that Thomas created more than $12 billion in shareholder value over the course of his career.
“We have been reviewing the entire portfolio from first principals to evaluate AI suitability and have identified Georgia as a strategic region for both potential conversion as well as expansion,” Scott Garrison is the chief development officer at ClearSpark and also executive vice president.
“We recently contracted for additional power and real estate in College Park to deliver high-value compute to the greater Atlanta metro area and are evaluating giga-campus opportunities across the portfolio and pipeline that are well positioned to satisfy significant off-taker demand.”
Shareholders welcomed the strategic expansion, as CleanSpark’s stock price rose over 13% on Monday, after rising 140% year-to-date in 2025, according to data Google Finance
Related: Elon Musk touts Bitcoin as energy-based and inflation-proof, unlike ‘fake fiat’
After the halving of Bitcoin, miners seek new sources of revenue
CleanSpark pivots its strategic direction as the Post-Bitcoin halving Other mining companies are being pushed to find new revenue streams.
There are some of the biggest Bitcoin mining firms Core Scientific Hut 8 Iris Energy and others have all announced AI strategic pivots since 2024.
In June 2024, Core Scientific announced A $3.5 billion agreement with AI cloud provider CoreWeave will provide 200 Megawatts more infrastructure for CoreWeave’s High-Performance Computing (HPC).
Cointelegraph reports that the deal will generate an initial revenue total of $3.5 billion over the first 12 years of contract terms for the largest Bitcoin mining company in the world.
Core Scientific’s filing for bankruptcy shows that the strategic expansion of AI into Bitcoin mining has helped Core Scientific save its business model. Chapter 11 bankruptcy In 2022, you will have two years to get your passport. relisted on the Nasdaq The AI pivot was placed ahead of the AI.
Related: Grok, DeepSeek outperform ChatGPT, Gemini with epic crypto market long
Hut 8 has launched AI services after it began mining bitcoins in September 2024. GPU-as-a-Service offering Highrise AI, a newly formed subsidiary.
June, Hut 8 received Coatue Management Inc., a tech-focused investor has invested $150 million in the company. “capitalize” On the increasing demand for AI computing.
Magazine: Bitcoin mining industry ‘going to be dead in 2 years’ — Bit Digital CEO
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Source: cointelegraph.com
