Overview
- CleanSpark announced a strategic expansion beyond bitcoin mining to develop and operate AI and high‑performance computing data centers.
- Jeffrey Thomas, formerly president of AI data centers at Humain and a leader of Saudi Arabia’s multi‑billion‑dollar AI program, was appointed senior vice president of AI Data Centers.
- The company secured additional power and real estate in College Park, Georgia, and is evaluating larger “giga‑campus” opportunities across its portfolio.
- Shares rose more than 10% on Monday following the announcement, with the move viewed as part of a broader re‑rating of miners pursuing AI infrastructure.
- CleanSpark’s September financing included a $100 million Coinbase Prime credit line backed by its bitcoin holdings to support energy expansion, mining growth and new HPC projects.