CleanSpark’s shares rose over 13% after the firm announced its strategic expansion into AI, aiming to diversify revenues and stabilize cash flows. Jeffrey Thomas was appointed Senior VP to spearhead these AI data center projects, particularly in Georgia.
As post-Bitcoin halving pressures affect mining firms, CleanSpark is not alone; other companies like Core Scientific and Hut 8 are also exploring AI solutions for additional revenue. This industry shift reflects a growing demand for AI computing power.
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