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06/03/26 04:41 UTC-04

CleanSpark sold 97% of the bitcoin mined in February to fund AI development

CleanSpark (CLSK), a U.S.-based bitcoin mining company that operates large-scale data centers, sold nearly all of the bitcoin it mined last month in order to secure funding for artificial intelligence (AI) and high-performance computing (HPC) initiatives.

The Nasdaq-listed company mined 568 $BTC in February and sold 553 $BTC — about 97%, according to its latest operational report. The sale generated approximately $36.65 million at an average price of $66,279 per bitcoin. This represents one of the highest ratios of mined bitcoin to sold bitcoin recorded by the company.

The move reflects a broader trend among bitcoin miners: industry players are increasingly shifting their focus toward AI and high-performance computing. To finance the development of new data centers and infrastructure, companies are selling either newly mined cryptocurrency or reducing their existing reserves.

At the same time, CleanSpark still maintains a substantial crypto reserve. As of February 28, the company held 13,363 $BTC, of which 1,086 $BTC were used as collateral or recorded as receivables related to derivative financial instruments.

Operationally, the company continues to expand its mining capacity. CleanSpark reported a working hashrate of 50 EH/s, representing roughly 7% of the global network’s computing power.

The company also completed the construction of its second campus in Texas, which added 300 megawatts of ERCOT-approved capacity, bringing the total contracted power capacity to 1.8 gigawatts.

See also: "The U.S. Securities and Exchange Commission reaches a settlement with Justin Sun and Tron"

#Bitcoin (BTC) #Mining #AI

Editor: Yulia Krasnaya
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