CleanSpark Sells Most February BTC Output, Generating $36.6M in Proceeds
Summary
US Bitcoin miner CleanSpark sold 553 of the 568 BTC it produced in February, generating approximately $36.6 million. The company finished the month holding 13,363 BTC and finalized the acquisition of a second Texas campus, adding 300 megawatts of ERCOT-approved power capacity. At the end of February, CleanSpark's deployed fleet totaled 235,588 machines with a 50 EH/s peak hashrate. The company is also positioning infrastructure for AI and high-performance computing workloads. CleanSpark's sales follow a trend among publicly traded miners like Riot Platforms and Bitdeer, who have liquidated Bitcoin holdings to fund infrastructure expansion and diversify into AI data center projects.
(Source:Cointelegraph)