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Tuesday Nov 4 2025 19:00
2 min
In a strategic move to diversify its revenue streams, Bitcoin mining firm CleanSpark increased its power capacity by 28% in October. This expansion is part of a broader initiative that moves beyond cryptocurrency mining, as the company ventures into the realms of artificial intelligence and high-performance computing (HPC).
The U.S.-based company announced the acquisition of 271 acres near Houston, Texas, securing 285 megawatts of long-term power for a dedicated AI data center. This represents one of CleanSpark’s most significant steps yet in diversifying its operations, driven by the escalating demand for energy-intensive computing.
CleanSpark’s foray into AI has also fostered a new partnership with Submer, a company specializing in cooling solutions for data centers.
Matt Schultz, CleanSpark’s CEO and chairman, stated, "While Bitcoin remains an integral part of our business, we’re equally focused on developing large-scale data centers that will power the next generation of innovation across the digital world."
In October, CleanSpark mined 612 Bitcoin (BTC) and sold 589.9 BTC for approximately $64.9 million, averaging $110,057 per coin. The company concluded the month holding 13,033 BTC, demonstrating steady accumulation despite regular sales to fund operations.
CleanSpark is part of a growing trend of Bitcoin miners pivoting toward AI and data infrastructure. These companies leverage their access to low-cost power and existing facilities to host GPU workloads and generate more stable and diversified revenue streams beyond Bitcoin mining.
HIVE Digital was among the early adopters of diversification, initiating its move into AI and high-performance computing in mid-2023 and now realizing an increasing portion of its revenue from these ventures.
In August, Bitcoin miner MARA Holdings agreed to acquire a 64% stake in Exaion, a subsidiary of French energy giant Électricité de France (EDF), in a $168 million deal aimed at expanding into low-carbon AI infrastructure.
That same month, TeraWulf signed a 10-year, $3.7 billion hosting agreement with Fluidstack, which is backed by Google. This partnership will add over 200 megawatts of new IT capacity to TeraWulf’s data centers located in New York.
On Monday, IREN signed a GPU cloud services contract with Microsoft valued at $9.7 billion. Under the five-year agreement, Microsoft will gain access to Nvidia GB300 GPUs housed within IREN’s data centers.
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