At the Bitcoin 2026 Conference, CleanSpark CEO Matt Schultz warned that converting mining sites into AI data centers could raise cost per MW from about $500k to $10–12M, and staffing per 10 MW from 1 to 8.Abstract: The article covers Matt Schultz's remarks at the Bitcoin 2026 Conference about repurposing crypto-mining facilities as AI data centers. Schultz argues this transition could substantially increase capital costs per megawatt—from roughly $500,000 to $10–12 million—and raise labor needs per 10 MW from one to eight, highlighting major economic and operational implications for the industry.

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2026-04-29 10:10:57

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CleanSpark CEO Matt Schultz said at the Bitcoin 2026 Conference that converting mining sites into AI data centers can raise cost per megawatt from about $500,000 to $10 million–$12 million. Schultz said staffing needs can rise from about one to eight employees per 10 MW.

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CleanSpark CEO warns AI data center conversions can raise costs to $12M per MW

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