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CleanSpark sells 97% of its Bitcoin production in February to fund its AI transformation

GateNews
bitcoin newsProject Progress
Source: ChainCatcher
BTC-2,57%

ChainCatcher news reports that, according to CoinDesk, Bitcoin mining company CleanSpark released its February operational update. The company mined 568 Bitcoin in February and sold 553, achieving a sales ratio of 97%, one of the highest production-to-sales ratios reported by the company. At an average price of $66,279, this generated approximately $36.65 million in cash.

The sale was intended to fund its expansion into AI and high-performance computing data centers. As of February 28, CleanSpark still held 13,363 Bitcoin, with 1,086 as collateral or related to receivables from derivatives trading. The company’s operational hash rate reached 50 EH/s, about 7% of the global total hash rate, and it added 300 MW of capacity in Texas, with total contracted power reaching 1.8 GW.

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