CleanSpark Sells 553 Bitcoin for $36.6M While Expanding Texas Mining Operations

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

Despite the sale, the company maintained a large treasury of digital assets. By the end of February, CleanSpark reported holding 13,363 BTC. The firm also disclosed that 1,086 BTC from its reserves are currently pledged as collateral or receivable in derivatives-related transactions.

Texas Mining Expansion and Power Capacity Growth

CleanSpark also continued expanding its mining infrastructure by completing the acquisition of a second campus in Texas. The facility adds 300 megawatts of power capacity approved by the Electric Reliability Council of Texas, which manages the state’s power grid.

By the end of February, the company operated 235,588 mining machines with a peak hashrate of 50 EH/s and an average hashrate of 43.2 EH/s. Across its broader energy portfolio, CleanSpark reported 1.8 gigawatts of contracted power capacity, with 808 megawatts currently in operation.

Bitcoin Miners Increasingly Selling Holdings

CleanSpark’s move reflects a wider trend among mining companies. Firms such as Riot Platforms, Bitdeer and Core Scientific have also sold portions of their Bitcoin holdings to finance expansion plans and infrastructure development.

Robert Samuels dismissed the speculation in a post on X on Tuesday;

Many miners are increasingly investing in data center capabilities to support artificial intelligence and high-performance computing workloads, seeking new revenue streams beyond traditional cryptocurrency 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.