As the AI/HPC frenzy continues to sweep through the bitcoin mining industry, markets are rapidly repricing companies that are now focused on the next generation of computing infrastructure.
CleanSpark (CLSK) joined the movement on Monday, announcing an evolution of its business model beyond just Bitcoin mining. As part of this strategic pivot, the company has 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 have collectively generated more than $12 billion in shareholder value, according to the press release. Most recently, Thomas led Human’s multi-billion dollar AI data center initiative in Saudi Arabia, building partnerships with hyperscalers and large technology companies.
CleanSpark is already evaluating giga-campus opportunities and has identified Georgia as a key region for expansion and potential site conversions. The new power and real estate contracts in College Park will support its ambition to provide high-value compute infrastructure to meet growing demand from AI and HPC customers.
Shares are up 5% early Monday, alongside a general rise in Bitcoin miner stock prices.
