Bitcoin Updates: CleanSpark Utilizes Bitcoin Profits to Drive AI Innovation

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Bitcoin Updates: CleanSpark Utilizes Bitcoin Profits to Drive AI Innovation

Bitget-RWA2025/11/04 15:34

By:Bitget-RWA

- CleanSpark mined 612 BTC in October 2025 with 50 EH/s hashrate while advancing AI/HPC infrastructure expansion. - Company secured 285 MW power for Texas AI data center and partnered with Submer for liquid-cooled solutions. - Stock surged 100% since July 2025 as BTIG raised price target to $26 amid dual focus on Bitcoin and AI growth. - $64.9M from BTC sales and 4.37 current ratio support AI expansion while retaining 13,033 BTC treasury.

CleanSpark, Inc. (Nasdaq: CLSK) announced strong

Bitcoin

mining results for October 2025, generating 612 BTC as it advanced its strategic move into artificial intelligence (AI) and high-performance computing (HPC). The company’s operational data demonstrates solid performance in its primary mining segment, with 612 BTC mined that month, an operational hashrate reaching 50 exahashes per second (EH/s), and an average daily output of 19.75 BTC. As of October 31, CleanSpark held a total of 13,033 BTC, with 5,444 BTC classified as collateral or receivables, according to the company’s

October 2025 Bitcoin mining update

Additionally, the company realized $64.9 million from selling 589.88 BTC at an average price of $110,057 per Bitcoin, highlighting its proactive approach to monetizing assets while maintaining a significant Bitcoin reserve, as reported in a

StockTitan article

. CleanSpark’s energy resources remain a key advantage, with 1.31 gigawatts (GW) under contract and 808 megawatts (MW) currently powering its mining activities, according to an

Investing.com article

At the same time,

CleanSpark

has quickened its entry into AI and HPC infrastructure. The company acquired 271 acres in Houston, Texas, and secured a long-term power agreement for 285 MW to support a dedicated AI data center, as detailed by Investing.com. This initiative reflects a broader industry movement as mining firms look to diversify income sources amid Bitcoin’s price swings. CleanSpark also formed a partnership with Submer, a specialist in liquid-cooled data center technology, to boost efficiency in its advanced computing infrastructure, according to StockTitan. Furthermore, the company named Jeffrey Thomas as Senior Vice President of AI Data Centers, leveraging his background in emerging tech, as noted by Investing.com.

This strategic direction has already impacted market sentiment. Since July 2025, CleanSpark’s share price has climbed nearly 100%, signaling investor confidence in its combined focus on Bitcoin mining and AI infrastructure, according to a

Yahoo Finance report

. BTIG analysts increased their price target to $26, referencing the company’s 80% year-to-date growth in hash capacity and its expanding infrastructure, as reported by Investing.com. Nonetheless, CleanSpark is still subject to Bitcoin price volatility, as mining remains a major contributor to its near-term revenue, according to a

Simply Wall St note

CleanSpark’s October report also highlighted its operational strengths, including a peak daily production of 20.42 BTC and a deployed fleet of 240,271 miners, as outlined in the company’s October update. The ability to sustain high hashrate performance while branching into AI demonstrates a well-balanced capital strategy. CEO Matt Schultz emphasized this dual approach, stating, "Bitcoin continues to be a core part of our operations, but we are just as dedicated to building large-scale data centers that drive the next wave of digital progress."

The company’s financial position further supports its stability, with a current ratio of 4.37 and $64.9 million in cash from BTC sales, enabling CleanSpark to invest in AI growth while maintaining flexibility in an unpredictable market.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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