From Bitcoin mining to computing power: CleanSpark makes a strong bet on AI infrastructure

just_another_wallet · 2026-01-15T23:22:21+00:00

CleanSpark is shifting its business model to channel mining profits into AI data centers, securing land and energy capacity in Texas. Despite recent Bitcoin sales, they retain significant holdings and focus on immersion cooling technology, reflecting a broader trend in the mining industry towards AI infrastructure for greater margins and stability.

just_another_wallet

2026-01-15 23:22:21

Abstract generation in progress

CleanSpark is transforming its business model by directly converting its mining operation profits into an aggressive expansion into artificial intelligence data centers. In October, the company sold 589 bitcoin, generating over $64 million in liquid capital, funds that are already being deployed to secure 271 acres of land and 285 megawatts of energy capacity in the Houston, Texas area, entirely dedicated to AI infrastructure.

Solid Numbers Support the Strategic Transition

CleanSpark’s mining production in October reached 612 bitcoin, accumulating 6,537 coins so far this calendar year. With an operational fleet of over 240,000 miners deployed, the company achieves a maximum hash rate of 50 exahashes per second, maintaining a leader in energy efficiency with its most advanced equipment operating at 16.07 joules per terahash.

Despite the sales made, CleanSpark’s total holdings remain at 13,033 bitcoin. The average execution price was $110,057 per coin, providing non-dilutive capital that, as CFO Gary Vecchiarelli highlighted, is essential for funding new divisions without affecting equity ownership. The strategy reflects a deliberate decision to monetize part of the production to finance growth in emerging sectors.

Immersion Cooling as a Cornerstone

Under the leadership of industry veteran Jeffrey Thomas, CleanSpark has established a critical partnership with Submer, a specialist in immersion cooling systems. This collaboration is essential for AI data centers that require extremely efficient thermal management to maintain economic viability in intensive computing operations.

A Move That Redefines the Mining Sector

CleanSpark’s pivot toward AI infrastructure does not happen in a vacuum. Other mining operations such as IREN (formerly Iris Energy), Riot Platforms, Cipher Mining, and TeraWulf are also reorienting their businesses toward high-performance computing. This sector shift suggests that miners perceive that the demand for computing capacity for AI will offer higher margins and greater long-term stability compared to conventional Bitcoin mining.

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