CleanSpark ramps up power capacity, secures Texas site for AI innovation

• CleanSpark expands into AI and HPC, boosting power capacity by 28% and acquiring Texas land.
• New AI data center in Texas will provide 285 MW of power to meet growing computing demands.
• Partnership with Submer boosts energy efficiency and cooling for AI data center operations.

CleanSpark, a leading Bitcoin miner, has also diversified on a large scale through its artificial intelligence (AI) and high-performance computing (HPC) divisions. In October, the company added a capacity of 28% power production. 

The company said that it purchased 271 acres in the vicinity of Houston, Texas. The new location will contain an exclusive AI information center, which will provide 285 megawatts of long-term power to fulfill the increasing energy-intensive computing requirements.

CleanSpark has a strategy to expand into non-Bitcoin mining because it believes this move will diversify its business. With the AI and HPC industries booming forward, CleanSpark hopes to take advantage of its low-cost energy sources and available infrastructure to access these booming markets. The relocation is indicative of the company trying to position itself as the major player in digital technology outside of cryptocurrency mining.

CleanSpark Partners with Submer to Enhance AI Efficiency

CleanSpark has enhanced its dedication to AI with a new partnership with Submer, a company that deals with data center cooling. This partnership will improve the energy utilization and sustainability of CleanSpark’s AI missions. 

This partnership aims to meet the high power and cooling requirements of AI loads. CleanSpark will be in a position to address the high-performance demands of the contemporary data centers by combining the innovative technology of Submer.

CEO Matt Schultz said that the company’s two-faceted orientation is Bitcoin mining and AI infrastructure.

 “While Bitcoin remains an integral part of our business, we’re equally focused on developing large-scale data centers that will power the next generation of innovation across the digital world,” said Matt Schultz, CleanSpark’s CEO. 

Source: CompaniesMarketCap

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MARA Holdings Expands into AI with $168M Deal

Bitcoin miners such as CleanSpark are progressively moving to AI and data infrastructure. They are utilizing low-cost power and available facilities to tap into GPU workloads and to diversify their revenue beyond Bitcoin.

HIVE Digital is a pioneering company, and it started its shift to AI and high-performance computing in the middle of 2023. Currently, the firm makes a significant portion of its income in the form of these operations.

In August, MARA Holdings bought 64% of Exaion, a subsidiary of Electricite de France (EDF), in a $168 million deal. The aim of this move is operations expansion to low-carbon AI infrastructure.

Another deal involving TeraWulf in August was a 10-year and $3.7 billion hosting deal with Fluidstack, supported by Google. The acquisition will provide more than 200 megawatts of IT capacity to the New York data centers of TeraWulf.

On Monday, IREN entered a contract with Microsoft to provision an agreement on GPU cloud services at a cost of $9.7 billion. The five-year deal enables Microsoft to tap Nvidia GB300-based GPUs within the data centers of IREN.

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