CleanSpark’s CEO Just Revealed Why Bitcoin Miners Are Secretly Positioned to Win the AI Po
November 4, 2025
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The billion-dollar question facing every hyperscaler rushing to build AI infrastructure isn’t about chips or capital—it’s about something far more mundane: plugs and dirt. And the CEO of one of America’s largest Bitcoin mining operations just explained why his industry holds the solution.
CleanSpark Inc. (NASDAQ:CLSK) CEO Matt Schultz appeared on CNBC on Oct. 28 to detail the company’s strategic pivot from pure-play Bitcoin mining to a dual-track model that integrates artificial intelligence compute services. The shift, according to Schultz, isn’t abandonment of crypto—it’s recognition of a market reality that makes Bitcoin miners uniquely valuable in the AI arms race.
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“The most significant constraint they face is access to land and power,” Schultz told CNBC, describing the challenge facing tech giants pouring roughly 60% of their free cash flow into AI infrastructure. While headlines focus on GPU shortages and data center buildouts, the unglamorous truth is simpler: you can’t run AI without enormous amounts of electricity, and you can’t generate electricity without land to build on.
This is where Bitcoin miners enter the picture with an unexpected advantage. CleanSpark currently operates 1.03 gigawatts of energized facilities with an additional 1.7 GW in pipeline capacity, according to Schultz. More importantly, they’ve mastered the art of rapid deployment—standing up a 100-megawatt Bitcoin mining facility in roughly six months versus the three to six years required for a proper AI data center.
That speed recently allowed CleanSpark to beat Microsoft in securing 100 MW of capacity in Cheyenne, Wyoming, Schultz told CNBC. The strategy: deploy Bitcoin mining to monetize the megawatts immediately, then convert established facilities to high-performance compute when the economics justify it.
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But CleanSpark’s pitch goes beyond speed and existing infrastructure. Schultz outlined on CNBC how Bitcoin mining operations function as what he called “a very unique, interruptible load”—a characteristic that could solve one of utilities’ most pressing challenges.
When electricity demand spikes, Bitcoin miners can receive a signal and rapidly curtail their operations, pushing power back onto the grid. “Adding just 100 hours per year of flexibility to the grid could solve the vast majority of rolling brownouts and rolling blackouts that utilities face,” Schultz said.
Schultz pointed to a real-world example: when Hurricane Helene destroyed the substation in Washington, Georgia, CleanSpark’s facility—built to handle surplus power—curtailed its load and restored electricity to the local hospital within an hour.
This flexibility becomes critical when blending Bitcoin operations with AI data centers, which demand extreme uptime. The Bitcoin side provides utilities with the load management they desperately need, while the AI side delivers the stability and returns that justify the infrastructure investment.
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CleanSpark isn’t funding this pivot through dilutive equity raises or convertible debt. Instead, the company has built a treasury of over 13,000 Bitcoin—worth approximately $1.5 billion—mined at greater than 54% gross margins. This Bitcoin serves as collateral for a revolving line of credit, allowing CleanSpark to fund expansion without continual shareholder dilution.
The efficiency gains are substantial. Schultz said that CleanSpark can now mine approximately twice as much Bitcoin for the same power consumption as 1.5 to 2 years ago, maintaining gross margins above 50% while operating the most efficient fleet among peers with 98%+ uptime.
“This blend is considered the most appealing path for maximizing cash flows and profitability for shareholders,” Schultz told CNBC, describing the dual-track strategy of maximizing existing Bitcoin operations while strategically converting capacity to AI services.
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This article CleanSpark’s CEO Just Revealed Why Bitcoin Miners Are Secretly Positioned to Win the AI Power War originally appeared on Benzinga.com
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