CleanSpark shares rise as bitcoin miner expands AI power capacity in Texas
PositiveCryptocurrency
- CleanSpark's shares have increased as the company expands its artificial intelligence (AI) power capacity in Texas, particularly in the Houston area, reflecting a strategic pivot towards high-performance computing infrastructure.
- This expansion is significant for CleanSpark as it positions the company to capitalize on the growing demand for AI services, which is increasingly becoming a major driver of energy consumption in Texas, potentially enhancing its market competitiveness.
- The move aligns with broader trends in Texas, where the electrical grid is experiencing a surge in power requests from AI data centers, indicating a shift in energy dynamics as AI begins to surpass traditional Bitcoin mining in its impact on the state's infrastructure.
— via World Pulse Now AI Editorial System
