Bitcoin News Today: CleanSpark Leverages Bitcoin Gains to Fuel AI Revolution

CleanSpark, Inc. (Nasdaq: CLSK) reported robust Bitcoin mining output in October 2025, producing 612 BTC while advancing its strategic pivot into artificial intelligence (AI) and high-performance computing (HPC). The company's operational metrics highlight a strong performance in its core mining business, with 612 BTC mined during the month, supported by an operational hashrate of 50 exahashes per second (EH/s) and an average daily production of 19.75 BTC. Total Bitcoin holdings as of October 31 stood at 13,033 BTC, with 5,444 BTC held as collateral or receivables, according to CleanSpark's October 2025 Bitcoin mining update.

The company also generated $64.9 million in proceeds from the sale of 589.88 BTC at an average price of $110,057 per coin, underscoring its active monetization strategy while retaining a substantial Bitcoin treasury, according to a StockTitan article. CleanSpark's power portfolio remains a critical asset, with 1.31 gigawatts (GW) under contract and 808 megawatts (MW) currently utilized to support its mining operations, as noted in an Investing.com article.

Simultaneously, CleanSpark has accelerated its transition into AI and HPC infrastructure. The company secured 271 acres in Houston, Texas, and locked in 285 MW of long-term power for a dedicated AI data center, as reported by Investing.com. This move aligns with broader industry trends as miners seek to diversify revenue streams amid Bitcoin's price volatility. CleanSpark also partnered with Submer, a provider of liquid-cooled data center solutions, to enhance efficiency in its next-generation compute infrastructure, according to StockTitan. Additionally, the firm appointed Jeffrey Thomas as Senior Vice President of AI Data Centers, leveraging his expertise in emerging technologies, per Investing.com.

The strategic shift has already influenced market perception. CleanSpark's stock price surged nearly 100% since July 2025, reflecting investor optimism about its dual focus on Bitcoin mining and AI infrastructure, according to a Yahoo Finance report. Analysts at BTIG raised their price target to $26, citing the company's 80% year-to-date growth in hash capacity and its expanding infrastructure footprint, as noted by Investing.com. However, the company remains exposed to Bitcoin price fluctuations, as mining revenue still constitutes a significant portion of its short-term earnings, according to a Simply Wall St note.

CleanSpark's October update also emphasized its operational efficiency, with a peak single-day production of 20.42 BTC and a deployed fleet of 240,271 miners, as the company's October release showed. The firm's ability to maintain high hashrate levels while expanding into AI suggests a balanced approach to capital deployment. CEO Matt Schultz highlighted the dual focus, stating, "While Bitcoin remains integral to our business, we're equally committed to developing large-scale data centers that power the next generation of digital innovation."

The company's financials further reinforce its stability, with a current ratio of 4.37 and $64.9 million in cash proceeds from BTC sales, positioning CleanSpark to fund its AI expansion while retaining flexibility in a volatile market.