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CleanSpark joins bitcoin-to-AI pivot with hire of Humain exec to lead data-center expansion

The Block
CleanSpark is expanding from bitcoin mining into AI data-center infrastructure by hiring a former Humain executive.

Summary

Nasdaq-listed CleanSpark (CLSK) announced its strategic pivot from being a pure-play bitcoin miner to a broader digital-infrastructure platform focused on AI data-center infrastructure. To lead this expansion, the company hired Jeffrey Thomas, formerly of Humain, as Senior Vice President of AI Data Centers. Thomas will oversee the development of large-scale compute facilities for enterprise and cloud clients, leveraging CleanSpark's existing assets. CEO Matt Schultz stated this move positions the firm at the center of the AI revolution. CleanSpark joins other miners like Bitfarms and Galaxy Digital in retooling operations for high-performance computing due to surging AI demand, a trend highlighted by high valuations in recent data-center acquisitions. CleanSpark's vertically integrated model may provide an advantage in securing "giga-campus" projects. Following the announcement, CLSK shares rose over 11%.

(Source:The Block)