CleanSpark Boosts Power Capacity 28%, Secures 285 MW for AI Data Center
CleanSpark expanded its power capacity by 28% in October and secured a 271-acre site near Houston, Texas, with a long-term 285 MW power supply to develop a dedicated AI data center. The company, known for Bitcoin mining, partnered with Submer to implement advanced cooling solutions for high-performance computing (HPC) workloads. CEO Matt Schultz said Bitcoin remains central, but large-scale data centers will power next-generation digital innovation. In October, CleanSpark mined 612 BTC, sold 589.9 BTC at an average price of $110,057 (raising $64.9 million), and ended the month with a 13,033 BTC balance. This move follows a broader industry trend of miners such as HIVE, MARA and WULF diversifying into AI infrastructure to stabilize revenue and mitigate volatility.
Bullish
CleanSpark’s expansion into AI infrastructure and a 28% increase in power capacity signal a strategic diversification beyond pure Bitcoin mining. In the short term, the sale of 589.9 BTC for $64.9 million strengthens the company’s balance sheet and liquidity. Long term, the move to build a large-scale AI data center on a 271-acre site with advanced cooling solutions positions CleanSpark to tap into growing demand for high-performance computing and stabilize revenues against Bitcoin price volatility. Traders are likely to view these developments as bullish for CleanSpark’s stock and supportive of sustained BTC demand.