Cleanspark expands beyond bitcoin mining into AI data centers

Cleanspark introduced that it’s going to broaden its operations from bitcoin mining into AI infrastructure.

The Las Vegas-based firm stated the transfer marks a “strategic evolution” past bitcoin mining because it develops superior AI knowledge facilities to diversify income and strengthen long-term money circulation.

As a part of this transformation, the agency has introduced on Jeffrey Thomas as Senior Vice President of AI Information Facilities.

Thomas brings greater than 40 years of expertise in rising applied sciences and knowledge middle growth, with management spanning the UK, the USA, Europe, Africa, and the Center East. He beforehand served as president of AI Information Centres at Humain, the place he led Saudi Arabia’s multi-billion-dollar AI knowledge middle initiative, forming partnerships with hyperscalers and international know-how corporations.

The corporate plans to leverage its vertically built-in “infrastructure-first” mannequin—constructed round its bitcoin mining operations—to assist large-scale AI compute.

Cleanspark’s Chief Growth Officer Scott Garrison stated the corporate is assessing new Georgia-based tasks, together with just lately contracted energy and actual property in Faculty Park, and is exploring “giga-campus” alternatives throughout its portfolio to fulfill rising off-taker demand.

CEO Matt Schultz stated Thomas’s appointment will assist Cleanspark “broaden operations and ship diversified progress for shareholders” as demand for energy-efficient compute surges. The corporate’s AI division will function alongside its bitcoin mining enterprise.