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