Markets
What to know:
- CleanSpark, once a humble Bitcoin excavator, now digs into AI and HPC data centers-because why not? Investors are thrilled, apparently.
- Jeffrey Thomas, a “veteran” with 40 years of experience (and 19 ventures worth $12B), will lead this chaos. Spoiler: it’s just more digging, but with fancier buzzwords.
As the world collectively loses its mind over AI/HPC, Bitcoin miners are scrambling to rebrand like it’s 2000 and everyone’s a dot-com guru. CleanSpark (CLSK) threw its hat into the ring Monday, declaring war on its former self-Bitcoin mining-with a new identity crisis: “We’re now serious about data centers!”
The company appointed Jeffrey Thomas, a man whose resume reads like a LinkedIn parody, as Senior Vice President of AI Data Centers. His achievements? Leading a “multi-billion-dollar AI initiative” in Saudi Arabia-where he probably taught camels to code. Or maybe he just mastered PowerPoint.
CleanSpark now eyes Georgia for giga-campus shenanigans, citing “power and real estate contracts” in College Park. Because nothing says “future-proof” like signing leases in a town that still uses dial-up. The goal? Deliver “high-value compute infrastructure” to AI customers-read: people who think GPUs are gym equipment.
Shares rose 5% Monday, because the stock market is a grand masquerade where everyone dances to the same disco ball of hype. 🕺✨
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2025-10-20 18:48