CleanSpark and Bitfarms stocks rally as firms target US for HPC/AI expansions
CleanSpark and Bitfarms stocks rallied as both firms aggressively expand their high-performance computing and AI infrastructure in the U.S.Summary
CleanSpark's stock rallied after announcing a definitive agreement to acquire 447 acres in Texas to develop a large-scale data center, potentially adding 600 MW to its capacity for AI-related operations. CEO Matt Schultz emphasized securing high-quality power at scale for AI compute customers.
Simultaneously, Toronto-based Bitfarms is planning to redomicile in the United States, appointing a new board chair to oversee the transition, which is expected to improve access to U.S. capital pools. This move aligns with a broader industry trend, as other miners like Cipher Mining are also expanding outside their primary regions and focusing on HPC/AI deals, with some firms increasingly being associated more with AI infrastructure than pure crypto mining.
(Source：The Block)