Cleanspark expands beyond bitcoin mining into AI data centers

Bitcoin miner Cleanspark launches AI infrastructure division led by veteran Jeffrey Thomas, expanding operations in Georgia

by Blockworks /
article-image

Make more Aerials/Shutterstock and Adobe modified by Blockworks

share

Cleanspark announced that it will expand its operations from bitcoin mining into AI infrastructure. 

The Las Vegas-based company said the move marks a “strategic evolution” beyond bitcoin mining as it develops advanced AI data centers to diversify revenue and strengthen long-term cash flow.

As part of this change, the firm has brought on Jeffrey Thomas as Senior Vice President of AI Data Centers.

Thomas brings more than 40 years of experience in emerging technologies and data center development, with leadership spanning the United Kingdom, the United States, Europe, Africa, and the Middle East. He previously served as president of AI Data Centres at Humain, where he led Saudi Arabia’s multi-billion-dollar AI data center initiative, forming partnerships with hyperscalers and global technology firms. 

The company plans to leverage its vertically integrated “infrastructure-first” model—built around its bitcoin mining operations—to support large-scale AI compute. 

Cleanspark’s Chief Development Officer Scott Garrison said the company is assessing new Georgia-based projects, including recently contracted power and real estate in College Park, and is exploring “giga-campus” opportunities across its portfolio to meet growing off-taker demand.

CEO Matt Schultz said Thomas’s appointment will help Cleanspark “expand operations and deliver diversified growth for shareholders” as demand for energy-efficient compute surges. The company’s AI division will operate alongside its bitcoin mining business.

This is a developing story.


This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Flying_Tulip.png

Research

Flying Tulip's perpetual put option provides real principal protection, but investors must pay a valuation premium today for products that have to be built over the next 24 months. This structure works best as a stablecoin substitute where the put allows continuous monitoring—accept opportunity cost in exchange for asymmetric upside if the team executes on its ambitious cross-collateral architecture.

article-image

As flows consolidate and volatility fades, finding edge now means knowing which games are still worth playing

article-image

Value distribution came to $1.9 billion distributed in Q3, though total revenues have yet to beat 2021 heights

article-image

MegaETH public sale auction ends tomorrow, and the free money machine has attracted people who like free money

article-image

With tBTC under the hood, Acre abstracts bridging and converts non-BTC rewards to bitcoin

article-image

Accountable is also eyeing mid-November for mainnet launch

article-image

“Adjusted for size, I think it may be the most successful ETP launch of all time,” Bitwise CIO Matt Hougan says