Overview
- CleanSpark is pursuing a dual-track plan to build AI capacity alongside bitcoin mining, using about 1.03 GW of energized sites and a 1.7 GW pipeline to monetize power now and convert select locations to high-performance compute.
- CleanSpark announced a partnership with Submer to develop AI-focused campuses across North America using liquid-cooled, high-density infrastructure systems.
- The company says it secured a 100 MW site in Cheyenne, Wyoming over Microsoft, crediting six-month mining deployments versus the three to six years typically required for full AI data centers, according to its CEO.
- Management highlights flexible, interruptible mining loads that can be curtailed to support utilities, citing a Georgia incident during Hurricane Helene when power was redirected to restore a hospital.
- CleanSpark reports using its corporate bitcoin holdings (about 12,703 BTC) as collateral for revolving credit to finance infrastructure expansion.