CleanSpark Invests in AI Infrastructure to Combat Mining Profit Decline

CleanSpark, a Nasdaq-listed Bitcoin mining firm, has ventured into the burgeoning artificial intelligence (AI) data center infrastructure market. Following an announcement on Monday that sent its stock price soaring over 13%, the company appointed Jeffrey Thomas as senior vice president of AI data centers to spearhead this new initiative. Thomas brings extensive experience from his past role at Saudi AI company Humain, where he spearheaded a multi-billion dollar AI data center program.