CleanSpark Expands into AI Data Centers, Stock Rises Nearly 14%
CleanSpark Expands into AI
- Las Vegas-based Bitcoin mining firm CleanSpark plans to develop AI data centers, leveraging its Bitcoin mining expertise.
- Jeffrey Thomas, with experience in Saudi Arabia's AI data center program, has been appointed as Senior VP of AI Data Centers.
- The company contracted additional power and real estate in College Park to support expansion in the Atlanta metro area.
Market Context and Recovery Signals
- Bitcoin's value fluctuated, reaching $125,000 before dropping to around $111,000.
- Despite market downturns, major Bitcoin mining firms show signs of recovery, with the top five firms experiencing an average rise of 9.72%.
- CleanSpark's stock alone increased by nearly 14% in 24 hours.
Growth in AI Market
- The AI data center market is rapidly expanding, dominated by giants like Nvidia, Microsoft, and Amazon.
- Gartner projects global AI spending to reach $2 trillion by 2026, fueled by investment in AI infrastructure.
