CleanSpark's CEO Just Revealed Why Bitcoin Miners Are Secretly Positioned to Win the AI Power War
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.
See Also: 7 Million Gamers Already Trust Gameflip With Their Digital Assets — Now You Can Own a Stake in the Platform
The Financial Engine Behind the Strategy
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.
Read Next: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
Image: Shutterstock
This article CleanSpark's CEO Just Revealed Why Bitcoin Miners Are Secretly Positioned to Win the AI Power War originally appeared on Benzinga.com
Content Original Link:
" target="_blank">
