CleanSpark, Inc. Warrant

Bitfarms stock surged 10% following CleanSpark's strong earnings, as the company pivots from Bitcoin mining to AI and cloud computing services, potentially generating more profitable computing workloads.

JP Morgan analyst Reginald L. Smith predicts potential revenue and EBITDA growth for bitcoin mining companies, highlighting varying levels of high-performance computing (HPC) capacity conversion across different firms.

CleanSpark, a Bitcoin mining company, announced its expansion into AI data centers, hiring an experienced executive and targeting Georgia for potential facility conversions. The stock jumped 11% on the news, with a 137% year-to-date gain.