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CleanSpark Sells Majority of February Bitcoin Production to Fund AI and HPC Expansion

CleanSpark Sells Majority of February Bitcoin Production to Fund AI and HPC Expansion. Source: EconoTimes

CleanSpark (NASDAQ: CLSK), a U.S.-based bitcoin mining company operating large-scale data centers, sold nearly all of the bitcoin it mined in February as it ramps up investment in artificial intelligence (AI) and high-performance computing (HPC) infrastructure.

According to the company’s latest operational update, CleanSpark produced 568 BTC during February and sold 553 BTC, representing roughly 97% of its monthly production. The sales generated approximately $36.65 million in revenue, with an average selling price of $66,279 per bitcoin. This marks one of the company’s highest ratios of bitcoin production sold compared with previous months.

The move reflects a growing trend among bitcoin mining companies that are increasingly shifting toward AI and high-performance computing opportunities. As demand for data centers and computing power continues to surge, many miners are liquidating portions of their bitcoin holdings or selling newly mined BTC to finance infrastructure upgrades and expansion projects.

Despite the large sale, CleanSpark still maintains a significant bitcoin treasury. As of Feb. 28, the company held 13,363 BTC. Of that total, 1,086 BTC is either pledged as collateral or classified as receivables linked to derivative transactions.

CleanSpark also continues to expand its mining operations and computing capacity. The company reported an operational hashrate of 50 exahashes per second (EH/s), representing roughly 7% of the total global bitcoin network computing power. This scale positions CleanSpark among the largest publicly traded bitcoin mining firms in the industry.

In addition, CleanSpark recently finalized the acquisition of a second campus in Texas, adding 300 megawatts of ERCOT-approved power capacity. With this expansion, the company’s total contracted power portfolio now reaches approximately 1.8 gigawatts, strengthening its ability to support both bitcoin mining operations and emerging AI and HPC workloads.

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Great article. Requesting a follow-up. Excellent analysis.

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Great article. Requesting a follow-up. Excellent analysis.
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