As the AI/HPC frenzy continues to sweep the bitcoin mining industry, markets are rapidly repricing companies that are shifting their focus toward powering the next generation of computing infrastructure.
CleanSpark (CLSK) joined the initiative on Monday and announced an evolution in its business model beyond pure bitcoin mining. As part of this strategic pivot, the company named Jeffrey Thomas as senior vice president of AI data centers.
Thomas brings more than four decades of global experience and has been involved in 19 companies that together generated more than $12 billion in shareholder value, according to the press release. Most recently, Thomas led Humain’s multi-billion-dollar AI data center initiative in Saudi Arabia, forging partnerships with hyperscalers and large technology companies.
CleanSpark is already evaluating gigacampus opportunities and has identified Georgia as a key region for expansion and potential site conversions. The new energy and real estate contracts in College Park will support its ambition to deliver high-value computing infrastructure to meet growing customer demand for AI and HPC.
Shares rose 5% early Monday morning along with an overall rise in bitcoin miners’ share prices.
