CleanSpark Expands Into AI With Key Hire From Humain’s DC Program

TLDR

• CleanSpark has announced its expansion into AI data-center infrastructure.
• The company appointed Jeffrey Thomas as senior vice president of AI Data Centers.
• Thomas previously led Humain’s large-scale AI data-center program in Saudi Arabia.
• CleanSpark plans to develop compute facilities for enterprise and cloud clients.
• The company is transitioning from a bitcoin-only focus to broader digital infrastructure.

CleanSpark announced a major move into AI data-center infrastructure with the appointment of Jeffrey Thomas as senior vice president. The company aims to expand beyond bitcoin mining and enter the growing AI compute market through large-scale facilities. CleanSpark stock rose over 11% on Monday as shares traded near a four-year high.

CleanSpark Appoints AI Veteran to Lead Expansion

CleanSpark named industry veteran Jeffrey Thomas to lead its new AI data-center division under a strategic growth initiative. Thomas previously directed Humain’s AI data-center program in Saudi Arabia, one of the region’s largest infrastructure projects. He will now head CleanSpark’s plan to build large-scale compute hubs for enterprise and cloud clients.

The company aims to transition its focus beyond cryptocurrency by targeting the AI infrastructure segment. CleanSpark CEO Matt Schultz said Thomas’s appointment “positions CleanSpark at the center of the AI and intelligent-computing revolution.” The firm continues evaluating its U.S. asset portfolio to convert and expand sites for AI workloads.

CleanSpark seeks to launch new power and real-estate projects near Atlanta to support upcoming data-center sites. These efforts will help boost CleanSpark’s footprint in the digital infrastructure space. The firm views AI as a long-term growth opportunity beyond traditional bitcoin operations.

Stock Price Climbs on AI Strategy News

CleanSpark’s self-developed infrastructure model includes site ownership, grid interconnections, and land acquisition across various strategic locations. This gives CleanSpark a structural edge in deploying high-density compute centers for AI processing. The company is also considering multiple “giga-campus” projects across its active sites.

CleanSpark’s entry into AI follows similar moves by Bitfarms, Canaan, and Galaxy Digital. These firms are retooling mining facilities to capture surging demand for compute capacity. CleanSpark’s infrastructure aligns with this shift, enabling quick deployment of new AI centers.

VanEck’s Matthew Sigel noted data-center valuations have increased significantly since the Aligned Data Centers deal. That acquisition valued data-center capacity at $8 million per megawatt, far above mining industry averages. CleanSpark aims to capitalize on this growing valuation gap.

CleanSpark shares rose over 11% on Monday, trading near $21.86. The stock is now testing levels last seen during the 2021 bitcoin bull run. This price surge reflects investor optimism around CleanSpark’s entry into AI infrastructure.

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