CleanSpark Builds AI Data Centers, Shares Jump 13%
CleanSpark plans to repurpose its Georgia Bitcoin mining facilities into large-scale AI data centers, securing power and land in College Park and appointing Jeffrey Thomas as SVP of AI Operations to lead the initiative. The Nasdaq-listed miner also arranged a $100 million credit line with Coinbase Prime to fund the expansion. Its stock jumped 13% on the news, adding to a 140% year-to-date gain. Traders view CleanSpark’s AI infrastructure pivot as a strategy to diversify revenue beyond volatile crypto mining and bolster long-term growth.
Neutral
CleanSpark’s AI data center expansion bolsters the miner’s revenue diversification and financial stability, indirectly supporting its Bitcoin mining output. However, the shift does not directly affect Bitcoin’s supply, demand, or network fundamentals, so it is unlikely to drive significant BTC price movements. Traders should view this as neutral for Bitcoin, though it may enhance the company’s long-term mining prospects.