Nasdaq-listed CleanSpark (ticker CLSK) announced Monday that it will expand beyond bitcoin mining into AI data-center infrastructure, naming industry veteran Jeffrey Thomas as senior vice president of AI Data Centers.
Thomas previously oversaw Humain’s AI data-center program in Saudi Arabia, one of the region’s largest infrastructure initiatives. At CleanSpark, he’ll lead the company’s effort to develop large-scale compute facilities serving enterprise and cloud clients.
The move marks CleanSpark’s evolution from a pure-play bitcoin miner to a broader digital-infrastructure platform. CEO Matt Schultz said Thomas’s appointment “positions CleanSpark at the center of the AI and intelligent-computing revolution” as the firm reviews its U.S. portfolio for conversion and expansion opportunities, including new power and real-estate contracts near Atlanta.
CleanSpark joins other mining firms — including Bitfarms, Canaan, and Galaxy Digital — that are retooling bitcoin operations for high-performance computing amid surging demand for AI capacity.
That trend has accelerated since BlackRock and Nvidia’s $40 billion acquisition of Aligned Data Centers, which valued data-center power capacity at roughly $8 million per megawatt, about 160% higher than the ~$3 million per MW typical for listed miners. VanEck’s Matthew Sigel said the gap suggests miners able to secure similar project financing could see substantial upside.
CleanSpark’s vertically integrated model, with self-developed sites, grid interconnections, and land ownership, could give it an edge in that shift. The company said it is evaluating “giga-campus” projects across its portfolio to meet growing AI demand.
Shares of CLSK rose more than 11% on Monday, trading around $21.86 at publication time according to The Block price data. The stock is now testing its highest range in nearly four years, approaching levels last seen during the 2021 bitcoin bull market.
CleanSpark (CLSK) share price. Source: The Block price page
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
