Cleanspark Inc. (CLSK) Ramps up Bitcoin Production amid AI infrastructure Expansion Spree

Core Insights - CleanSpark Inc (NASDAQ:CLSK) is recognized as a leading cryptocurrency and blockchain stock, demonstrating strong performance in Bitcoin production and digital asset management [1][2]. Group 1: Bitcoin Production - In December, CleanSpark produced 622 Bitcoin, averaging 20.07 Bitcoin per day, marking a 10% year-over-year increase [2]. - The total Bitcoin production for the year reached 7,746 Bitcoin, with a hashrate of 150.0 EH/s, concluding the year with 13,099 Bitcoin after selling 577 Bitcoin at an average price of $89,210 [2][3]. Group 2: AI Infrastructure Expansion - CleanSpark is expanding into artificial intelligence compute infrastructure, having acquired a 271-acre site in Texas and secured power agreements totaling 285 megawatts [3]. - The company has a power portfolio of 31.45 GW under contract and utilizes 480 MW to support its mining operations [3]. Group 3: Strategic Vision and Market Position - The CEO of CleanSpark, Matt Schultz, emphasized the company's operational strength and monetization strategies, which are foundational for advancing AI infrastructure plans in Georgia, Texas, and beyond [4]. - Maxim initiated coverage of CleanSpark with a Buy rating and a price target of $22, indicating positive market sentiment [4]. Group 4: Business Model - CleanSpark focuses on Bitcoin mining and developing high-performance computing infrastructure, leveraging its energy assets and data centers for efficient operations [5].