CleanSpark Mines 640 Bitcoins in April, Sells 748 at Average Price of $74,807
Bitcoin mining company CleanSpark mined 640 bitcoins in April and sold 748 at an average price of $74,807.
As of April 30, the company holds 13,453 BTC, with an operational hash rate of 50 EH/s and has deployed 224,473 mining machines. Currently, it has contracted power capacity of 1.8 GW.
The company is advancing the construction of a multi-gigawatt AI infrastructure platform and actively seeking its first hyperscale AI customer, accelerating its transition from Bitcoin mining to AI computing power.
Source: Public Information
ABAB AI Insight
CleanSpark, one of the fastest-growing Bitcoin mining companies in recent years, has previously increased its hash rate from less than 10 EH/s at the beginning of 2024 to the current 50 EH/s by continuously acquiring low-cost power assets. The Bitcoin sales in April align with its "high-price profit locking" strategy while retaining a significant amount of BTC as balance sheet reserves.
In terms of capital strategy, CleanSpark is redirecting mining cash flow and the 1.8 GW power contract towards AI data center development, aiming to attract hyperscale AI customers through a multi-gigawatt platform. The goal is to hedge Bitcoin price volatility with stable AI rental income, achieving a business transformation from purely cyclical mining to high-margin AI infrastructure leasing.
Similar to mining companies like Hut 8 and Core Scientific, which are also undergoing large-scale transformations to AI data centers, CleanSpark is currently in an accelerated phase of transitioning from "selling electricity to mining machines" to "selling computing power to AI."
Essentially, this is a restructuring of the industry chain: CleanSpark is rapidly transforming its Bitcoin mining infrastructure into dedicated AI training and inference parks using existing power and land resources, shifting capital from high-volatility Bitcoin production to long-term contracted AI cash flows. Mechanically, it aims to seize the AI computing power demand window through its 1.8 GW power reserve, facilitating the transition of mining companies from crypto cyclical assets to AI infrastructure providers.
ABAB News · Cognitive Law
The best transformation is not to abandon Bitcoin, but to use the electricity and land from Bitcoin mining to serve AI. When mining companies start selling multi-gigawatt AI computing power, mining officially becomes a side business. Electricity is the ultimate asset; whoever sells electricity to AI first will reap the greatest benefits in the next cycle.