CleanSpark Inc. Accelerates Into High‑Performance Compute and AI

CleanSpark Inc. (NASDAQ: CLSK), traditionally known for its low‑carbon bitcoin mining operations, has announced a decisive pivot toward high‑performance compute (HPC) and artificial intelligence (AI) infrastructure. The company secured rights to approximately 271 acres of land in Austin County, Texas, and secured long‑term power supply agreements for 285 MW, a 28 % increase in contracted power. This expansion positions CleanSpark to rapidly deploy a large‑scale AI data center in the Greater Houston region, leveraging the area’s robust fiber backbone and abundant renewable energy resources.

Simultaneously, CleanSpark won a 100 MW AI data center contract in Cheyenne, Wyoming, edging out Microsoft in a highly competitive bid. The company will construct liquid‑cooled AI campuses across North America in partnership with Submer, a leading immersion‑cooling firm. The collaboration is expected to deliver rapid deployment—six months versus the multi‑year timelines typical of traditional AI centers—while maintaining a low carbon footprint.

These moves underscore CleanSpark’s strategy to diversify beyond cryptocurrency mining. By integrating AI workloads, the firm can offset the volatility of bitcoin prices and generate additional revenue streams. The company’s current 1.03 GW of operating capacity, with 1.7 GW under development, provides the scalability necessary to accommodate the new AI facilities without compromising its mining operations.

Financially, CleanSpark’s market capitalization stands at USD 5.67 billion, with a price‑to‑earnings ratio of 20.75. The stock has traded above its 52‑week high of USD 23.61, reflecting investor confidence in the company’s expanded business model. The acquisition of Texas land and power contracts, coupled with the Wyoming AI site, is likely to sustain upward momentum in CLSK’s share price as the firm executes its dual‑core strategy of mining and AI compute.

In summary, CleanSpark’s recent land and power acquisitions, partnership with Submer, and competitive win over Microsoft signal a bold shift toward becoming a leading provider of sustainable, high‑performance computing infrastructure in North America. The company’s ability to integrate cryptocurrency mining with AI workloads positions it uniquely to capitalize on the growing demand for green data centers while mitigating exposure to the cyclical nature of bitcoin markets.