CleanSpark Stock Jumps 13% on Big AI Expansion Plans

Crypto News Cryptocurrencies

Written by Aaron S.,

Editor-In-Chief

Last Updated: October 21, 2025

Key Takeaways

CleanSpark shares rose 13% after announcing plans to enter the AI infrastructure market to reduce reliance on crypto mining;
The company is focusing on Georgia for its AI expansion and has acquired power and land in College Park to support future growth;
CleanSpark appointed Jeffrey Thomas to lead its new AI data center operations and drive its diversification strategy.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

CleanSpark Stock Jumps 13% on Big AI Expansion Plans

BITDEGREE IN YOUR SOCIAL FEED

CleanSpark, a US-based company known for its Bitcoin BTC $89,001.54 mining operations, saw its stock price increase by more than 13% on October 20.

The rise came after the company revealed plans to enter the artificial intelligence (AI) industry.

As the fifth-largest Bitcoin miner by market value, CleanSpark is shifting part of its focus toward building infrastructure to support AI computing.

Non-custodial Wallet: Why Do You Need It Right NOW

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

This decision is meant to reduce its reliance on cryptocurrency alone and to open up new income opportunities.

Scott Garrison, CleanSpark’s chief development officer, shared that the company has been assessing all of its facilities to see which ones could support AI operations. He mentioned that Georgia has been identified as a promising location.

CleanSpark has already secured more power and property in College Park, near Atlanta, to support these plans. The company is also exploring the development of large-scale campuses that could meet demand for high-performance computing.

CleanSpark has appointed Jeffrey Thomas as the senior vice president in charge of AI data centers.

Thomas has previously led a major AI data center project in Saudi Arabia while working at the AI firm Humain. Over the course of his career, he has helped create more than $12 billion in value across 19 different projects.

CleanSpark recently arranged a new credit agreement worth $100 million with Coinbase Prime. What did Gary A. Vecchiarelli say? Read the full story.