Cleanspark announced that it is expanding its business from Bitcoin mining to AI infrastructure.
The Las Vegas-based company said the move marks a “strategic evolution” beyond Bitcoin mining as it develops advanced AI data centers to diversify revenue and enhance long-term cash flow.
As part of this change, the company has brought on Jeffrey Thomas as senior vice president of AI data centers.
Thomas has over 40 years' experience in emerging technology and data center development, with leadership positions across the UK, US, Europe, Africa and the Middle East. Previously, he served as President of AI Data Center at Humane, where he led Saudi Arabia's multi-billion dollar AI data center initiative and partnered with hyperscalers and global technology companies.
The company plans to leverage a vertically integrated “infrastructure-first” model built around its Bitcoin mining operations to support large-scale AI computing.
Scott Garrison, Cleanspark's chief development officer, said the company is evaluating new Georgia-based projects, including recently contracted power and College Park properties, and is exploring “gigacampus” opportunities across its portfolio to meet growing off-taker demand.
CEO Matt Schultz said Thomas' appointment will help CleanSpark “scale our business and deliver diversified growth for our shareholders” as demand for energy-efficient computing soars. The company's AI division will operate in parallel with its Bitcoin mining operations.
