CleanSpark Wins 100MW AI Site in Wyoming, Edging Out Microsoft

TLDR

• CleanSpark won a 100-megawatt AI site contract in Cheyenne, Wyoming over Microsoft.
• The company plans to build AI data centers while continuing its bitcoin mining operations.
• CleanSpark partnered with Submer to develop liquid-cooled AI campuses across North America.
• CEO Matt Schultz said CleanSpark’s faster build speed was the main reason for winning the contract.
• CleanSpark built a 100-megawatt bitcoin mining site in six months to showcase deployment efficiency.

CleanSpark has secured a 100-megawatt site in Cheyenne, Wyoming, overtaking Microsoft in the competitive bid. The company will utilize the site to construct new AI data center infrastructure while continuing its bitcoin mining operations.

CleanSpark Expands into AI Data Centers

CleanSpark, once an energy company, now plans to support artificial intelligence by building high-density data campuses. The firm partnered with Submer to create liquid-cooled AI campuses using CleanSpark’s existing land and power infrastructure.

The CEO Matt Schultz confirmed their advantage came from faster deployment, not financial strength.

Microsoft lost the contract, with Schultz attributing the win to CleanSpark’s speed in energizing and building power infrastructure. “Cheyenne didn’t select CleanSpark because we had a stronger balance sheet,” Schultz added.

CleanSpark currently operates 1.03 gigawatts and plans to grow to 1.7 gigawatts. The company utilizes bitcoin mining to scale its infrastructure rapidly, then repurposes select sites for AI computing.

Schultz described the business model as “monetizing megawatts,” converting energy access into computing capacity where needed. Bitcoin mining helps build fast, while AI campuses provide long-term returns from the same infrastructure.

CleanSpark continues to operate its crypto business without scaling it back. “It’s a terrific part of our business,” Schultz stated clearly.

Power Access Becomes Key Competitive Advantage

CleanSpark focuses on locations where land, substations, and power are already secured. This strategy allows it to bypass long delays many AI builders face connecting to the grid.

Schultz explained that CleanSpark can turn off mining operations and return energy to the grid during emergencies. AI centers can’t do that without disrupting performance.During Hurricane Helene, CleanSpark redirected power back to utilities within an hour. This helped restore electricity to a hospital in Georgia quickly.

Shares of CleanSpark have more than doubled this year. The company reported $198.6 million in revenue in fiscal Q3 2025. That figure represents an increase of nearly 91% year over year. CleanSpark also holds 12,703 bitcoin in its treasury.

The AI strategy helps balance reduced bitcoin rewards after April’s halving event. This move supports revenue while maintaining core crypto operations. Schultz pointed to Atlanta as a fast-growing hub for new AI data centers. He said it’s second only to Northern Virginia on the East Coast. CleanSpark now positions itself as a leader in energy infrastructure. The company builds quickly and delivers scalable AI capacity using existing energy assets.

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