Bitcoin miner, CleanSpark Inc (NASDAQ: CLSK) is making the jump into offering services for artificial intelligence (AI) data centers.
As a result, the company appointed Jeffrey Thomas as Senior Vice President of AI Data Centers on Monday to lead this effort.
Thomas brings over 40 years of global experience in emerging technologies and data center infrastructure. He previously served as President of AI Data Centres at Humain, where he directed Saudi Arabia’s multi-billion dollar AI data center program, built world class teams, and established partnerships with hyperscalers and global technology firms.
The company’s move marks a pivotal evolution, transitioning from a pure play Bitcoin miner to a broader digital infrastructure platform. CleanSpark also plans to leverage its existing land and power assets to build and operate advanced AI data centers. This expansion is expected to diversify revenue streams, strengthen long term cash flow, and enhance the company’s ability to serve leading technology firms worldwide.
CleanSpark chose College Park near Atlanta, Georgia, as a key region for its AI data center development. The company secured additional power and real estate in this area to support the growing demand for high performance computing driven by AI and other compute intensive applications. The initiative is part of a larger strategy to capitalize on accelerating demand for digital infrastructure while maximizing the value of CleanSpark’s existing power and land holdings.
The company’s CEO and chairman, Matt Schultz, said Thomas’ record of creating significant shareholder value and forming partnerships with major technology companies. Schultz further emphasized that Thomas’ expertise will be crucial as CleanSpark scales operations and pursues diversified growth.
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CleanSpark joins a growing vertical integration trend
Thomas said CleanSpark has already established a strong foundation in large-scale Bitcoin mining, and he looks forward to expanding into next-generation digital infrastructure. He sees a significant opportunity to deliver high-value solutions for customers while creating long-term value for shareholders and establishing CleanSpark as a central player in AI and intelligent computing.
CleanSpark is joining a growing trend where Bitcoin miners expand into high-performance computing (HPC) and artificial intelligence infrastructure. This shift aims to reduce reliance on volatile cryptocurrency markets and offset the high costs of traditional mining operations.
Core Scientific Inc. (NASDAQ: CORZ) restructured into a provider of AI-ready data centers. Also, the company now offers high-density colocation services and has secured large power capacity to support AI workloads. This pivot also reflects how miners increasingly adapt to the growing demand for AI infrastructure.
Similarly, Bitfarms Ltd (NASDAQ: BITF) converted one of its Quebec facilities into an AI training center. By installing advanced computing hardware, Bitfarms supports open-source AI model development. This move demonstrates how mining companies can repurpose existing assets to serve AI applications.
These strategic initiatives show how miners are leveraging existing infrastructure, land, and power assets to diversify operations. By branching into AI and HPC, they create additional revenue streams while maximizing the value of their current holdings. This approach also strengthens long-term stability by reducing dependence on fluctuating Bitcoin prices.
