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CleanSpark Expands into AI and HPC Data Centers
CleanSpark (CLSK) has announced a strategic shift beyond Bitcoin mining, venturing into AI and high-performance computing (HPC) data centers. This move is increasingly being recognized by investors, as the company appointed industry veteran Jeffrey Thomas as Senior Vice President for AI Data Centers. Thomas brings over four decades of international experience and has been involved in ventures generating over $12 billion in shareholder value.
As part of its expansion, CleanSpark is evaluating mega-campus locations, identifying Georgia as a key region for potential site transformations. New energy and real estate contracts in College Park are expected to support the company's ambition to provide high-quality computing infrastructure to meet the rising demand from AI and HPC clients. Following the announcement, CleanSpark's stock rose by 5% amid a general increase in Bitcoin mining company shares.
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“The AI/HPC euphoria continues to reshape the Bitcoin mining industry, as companies pivot to support the next generation of computing infrastructure,” stated CleanSpark in their press release.
Key Takeaways:
- CleanSpark diversifies into AI and HPC data centers.
- Jeffrey Thomas appointed to lead the new AI strategy.
- Stock price increased by 5% following the announcement.
Bitcoin Mining Profitability Declines Over 7% in September
According to Jefferies, Bitcoin mining profitability fell by more than 7% in September due to a combination of rising network hashrate and declining BTC prices. Public North American miners produced 3,401 Bitcoin in September, down from 3,576 BTC in August, with Marathon Digital Holdings (MARA) and CleanSpark leading production.
The revenue per EH/s dropped to $52,000 per day, down from $56,000 in August, as lower Bitcoin prices and increased network difficulty pressured margins. Jefferies reported that the profitability of Bitcoin mining decreased as the price of Bitcoin fell by 2% while the network hashrate increased by approximately 9%.
| Metric | September | August |
|---|---|---|
| Bitcoin Produced | 3,401 BTC | 3,576 BTC |
| Revenue per EH/s | $52,000 | $56,000 |
Key Takeaways:
- Bitcoin mining profitability decreased by over 7% in September.
- Public miners produced 3,401 BTC, a decline from August.
- Revenue per EH/s fell to $52,000 per day.
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