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CleanSpark Joins AI Rush in Expansion Beyond Bitcoin Mining
The company hired industry veteran Jeffrey Thomas to lead new AI data center division.
Oct 20, 2025, 1:48 p.m.
What to know:
- CleanSpark is diversifying beyond bitcoin mining into AI and HPC data centers, a shift increasingly rewarded by investors.
- Industry veteran Jeffrey Thomas will spearhead the company’s AI strategy, focusing on large-scale infrastructure development.
As the AI/HPC frenzy continues to sweep through the bitcoin mining industry, markets are rapidly repricing companies that are shifting their focus toward powering the next generation of compute infrastructure.
STORY CONTINUES BELOW
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CleanSpark (CLSK) joined the move Monday, announcing an evolution in its business model beyond pure-play bitcoin mining. As part of this strategic pivot, the company has appointed Jeffrey Thomas as Senior Vice President of AI Data Centers.
Thomas brings over four decades of global experience and has been involved in 19 ventures that collectively generated more than $12 billion in shareholder value, according to the press release. Most recently, Thomas led Humain’s multi-billion-dollar AI data center initiative in Saudi Arabia, forging partnerships with hyperscalers and major tech companies.
CleanSpark is already evaluating giga-campus opportunities and has identified Georgia as a key region for expansion and potential site conversions. New power and real estate contracts in College Park will support its ambition to deliver high-value compute infrastructure to meet accelerating demand from AI and HPC customers.
Shares are higher by 5% early Monday alongside a general rise in the stock prices of bitcoin miners.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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