CleanSpark (CLSK), US-based Bitcoin $BTC$72,578.05 A mining company that operates large data centers sold nearly all of the bitcoin it produced last month to free up cash to expand into artificial intelligence (AI) and high-performance computing (HPC).
Nasdaq-listed miner produced 568 pieces $BTC 553 units were sold in February $BTCAccording to the latest operational updates, it is approximately 97%. The sale generated approximately $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 to focus on AI and HPC, with companies increasingly selling new production or reducing balance sheet holdings to finance new data centers and infrastructure development.
CleanSpark still has a lot of capital. As of February 28th, 13,363 people hold $BTC1,086 $BTC It is pledged as collateral for derivative transactions or recorded as a receivable.
On the operational side, the company continues to expand its mining platform. CleanSpark reported an operational hash rate of 50 EH/s. This represents approximately 7% of the global network’s computing power.
The company also closed a second campus in Texas and added 300 megawatts of ERCOT-approved capacity, bringing its total contracted power portfolio to 1.8 gigawatts.