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CleanSpark expanded its powerfulness capableness and secured a Texas tract for its caller AI campus, reflecting a broader displacement among Bitcoin miners toward high-performance computing.
Bitcoin miner CleanSpark expanded its powerfulness capableness by 28% successful October arsenic portion of a broader propulsion beyond crypto mining into artificial quality and high-performance computing (HPC).
The US-based institution said it had acquired 271 acres adjacent Houston, Texas, securing 285 megawatts of semipermanent powerfulness for a dedicated AI information center. The determination marks 1 of CleanSpark’s largest steps yet to diversify its operations arsenic request for energy-intensive computing continues to surge.
CleanSpark’s AI determination besides led to a caller concern with Submer, a institution that offers cooling solutions for information centers.
“While Bitcoin remains an integral portion of our business, we’re arsenic focused connected processing large-scale information centers that volition powerfulness the adjacent procreation of innovation crossed the integer world,” said Matt Schultz, CleanSpark’s CEO and chairman.
Top Bitcoin mining companies by marketplace capitalization. Source: CompaniesMarketCapCleanSpark mined 612 Bitcoin (BTC) successful October and sold 589.9 BTC for astir $64.9 million, averaging $110,057 per coin. The institution ended the period holding 13,033 BTC, underscoring its dependable accumulation contempt regular income to money operations.
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Bitcoin miners pivot to AI
CleanSpark is portion of a increasing question of Bitcoin miners pivoting toward AI and information infrastructure, utilizing their entree to low-cost powerfulness and existing facilities to big GPU workloads and seizure much stable, diversified gross beyond Bitcoin.
HIVE Digital was among the early miners to diversify, starting its determination into AI and high-performance computing successful mid-2023 and present earning a increasing stock of gross from those operations.
In August, Bitcoin miner MARA Holdings agreed to get a 64% involvement successful Exaion, a subsidiary of French vigor elephantine Électricité de France (EDF), successful a $168 cardinal woody aimed astatine expanding into low-carbon AI infrastructure.
The aforesaid month, TeraWulf signed a 10-year, $3.7 billion hosting woody with Fluidstack, backed by Google. The concern volition adhd implicit 200 megawatts of caller IT capableness to TeraWulf’s New York information centers.
On Monday, IREN signed a GPU unreality services contract with Microsoft valued astatine $9.7 billion. Under the five-year deal, Microsoft volition summation entree to Nvidia GB300 GPUs housed successful IREN’s information centers.
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