CleanSpark (CLSK), a US-based bitcoin The mining company that operates large-scale data centers sold almost all of the bitcoins it produced last month to generate cash for an expansion into artificial intelligence (AI) and high-performance computing (HPC).
The Nasdaq-listed miner produced 568 BTC in February and sold 553 BTC, roughly 97%, according to its latest operational update. The sales generated about $36.65 million in revenue at an average price of $66,279 per bitcoin, one of the highest production-to-sales ratios the company has ever reported.
The sale reflects a broader trend among bitcoin miners pivoting toward AI and HPC, with companies increasingly selling new production or reducing their balance sheet holdings to help fund new data centers and infrastructure development.
CleanSpark still maintains a considerable treasury. As of February 28, it held 13,363 BTC, with 1,086 BTC pledged as collateral or recorded as accounts receivable related to derivatives transactions.
Operationally, the company continues to scale its mining platform. CleanSpark reported 50 EH/s of operational hashrate, about 7 percent of the global network’s computing power.
The company also closed a second campus in Texas, adding 300 megawatts of ERCOT-approved capacity and bringing its total contracted power portfolio to 1.8 gigawatts.
