CleanSpark sold 97% of February bitcoin production to fund AI pivot
CoinDesk
CleanSpark sold 97% of its February bitcoin production to fund its expansion into AI and high-performance computing.Summary
CleanSpark, a U.S.-based bitcoin mining company, sold 553 of the 568 BTC it mined in February, representing about 97% of its production, to generate approximately $36.65 million. This move is intended to fund the company's strategic pivot toward artificial intelligence (AI) and high-performance computing (HPC) data centers. This high production-to-sales ratio reflects a broader industry trend of miners monetizing assets to finance infrastructure development in these new sectors. Despite the significant sale, CleanSpark maintained a treasury of 13,363 BTC as of February 28. Operationally, the company continues to expand, reporting 50 EH/s of hashrate and closing on a second Texas campus, adding 300 megawatts of capacity.
(Source：CoinDesk)