CleanSpark (CLSK), America’s Bitcoin Mining companies that operate massive data centers sold nearly all the Bitcoin produced last month to generate cash for expansion into artificial intelligence (AI) and high-performance computing (HPC).
According to its latest operational update, the Nasdaq-listed miner produced 568 Bitcoins and sold 553 Bitcoins in February, or about 97%. The sale generated approximately $36.65 million in proceeds, with an average price of $66,279 per Bitcoin, one of the highest sales-to-production ratios reported by the company.
The sale reflects a broader trend among Bitcoin miners toward artificial intelligence and high-performance computing, with companies increasingly selling new products or reducing balance sheet holdings to help fund the development of new data centers and infrastructure.
CleanSpark still has plenty of capital. As of February 28, it held 13,363 BTC, of which 1,086 BTC was pledged as collateral or recorded as receivables related to derivatives transactions.
Operationally, the company continues to expand its mining platform. CleanSpark reports an operating hash rate of 50 EH/s, which is approximately 7% of the global network’s computing power.
The company also closed a second campus in Texas, adding 300 megawatts of ERCOT-approved capacity, bringing its total contracted power portfolio to 1.8 gigawatts.
