CleanSpark Shares Surge After Bitcoin Miner Joins Pivot to AI

Shares of CleanSpark Inc. surged as much as 13% after the Bitcoin miner announced that it was expanding into date-center infrastructure and the hiring of Jeffrey Thomas from Saudi Arabian AI firm Humain.

The Henderson, Nevada-based company is among crypto miners that are trying to kick start the build-out of AI data centers with their existing assets such as large amounts of power and experienced engineers.

Thomas joined CleanSpark as senior vice president of AI data centers after a stint as president at Humain. He will lead the company’s efforts to develop and operate AI and high-performance compute data centers, ...