Bitcoin Miner CleanSpark Sells 553 BTC for $36.6 Million While Expanding Texas Operations

Nasdaq-listed Bitcoin mining company CleanSpark sold 553 Bitcoin in February for approximately $36.6 million, according to its latest operational update. The company produced 568 BTC during the same month, meaning most of its newly mined Bitcoin was liquidated shortly after production.

Despite the sale, CleanSpark maintained a substantial Bitcoin treasury. By the end of February, the company held 13,363 BTC, reflecting its continued strategy of balancing operational funding with long-term digital asset reserves.

Expansion of Texas Mining Infrastructure

The company also expanded its energy infrastructure by closing on a second campus in Texas. The new site adds 300 megawatts of approved power capacity under the grid managed by the Electric Reliability Council of Texas.

CleanSpark reported that its mining fleet reached 235,588 machines by the end of February. These machines delivered a peak hashrate of 50 exahashes per second, with an average operating hashrate of 43.2 EH/s. Across its broader power portfolio, the firm has 1.8 gigawatts of contracted power capacity, with 808 megawatts currently active.

Bitcoin Miners Increasingly Liquidating Holdings

CleanSpark’s move reflects a broader trend across the Bitcoin mining industry. Companies including Riot Platforms, Bitdeer, and Core Scientific have recently sold portions of their Bitcoin holdings to fund infrastructure development.

MARA vice president of investor relations Robert Samuels said in a post on X on Tuesday;

Some miners are also repositioning their facilities to support artificial intelligence and high-performance computing workloads. This shift allows companies to generate additional revenue from energy-intensive data center operations while maintaining exposure to Bitcoin mining.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.