CleanSpark Expands Power Capacity, Secures Texas Site for AI Push

Bitcoin miner CleanSpark expanded its power capacity by 28% in October as part of a broader push beyond crypto mining into artificial intelligence and high-performance computing (HPC).

The company based in the United States he said had acquired 271 acres near Houston, Texas, securing 285 megawatts of long-term power for a dedicated AI data center. The move marks one of CleanSpark’s biggest steps yet to diversify its operations as demand for energy-intensive computing continues to grow.

CleanSpark’s AI move also led to a new partnership with Submer, a company that offers cooling solutions for data centers.

“While Bitcoin remains an integral part of our business, we are equally focused on developing large-scale data centers that power the next generation of innovation in the digital world,” said Matt Schultz, CEO and President of CleanSpark.

CleanSpark mined 612 Bitcoin (BTC) in October and sold 589.9 BTC for about $64.9 million, an average of $110,057 per coin. The company ended the month holding 13,033 BTC, underlining its steady accumulation despite regular sales to fund operations.

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Bitcoin miners pivot to AI

CleanSpark is part of a growing wave of Bitcoin miners pivoting toward AI and data infrastructure, using their access to low-cost power and existing facilities to host GPU workloads and capture more stable and diversified revenue beyond Bitcoin.

HIVE Digital was among the the first miners to diversifystarting their move into AI and high-performance computing in mid-2023 and now earning a growing share of revenue from these operations.