Overview
- CleanSpark mined 568 BTC in February and sold 553 BTC—about 97% of output—at an average $66,279 per coin, generating roughly $36.65 million in cash.
- The company’s bitcoin holdings rose to 13,363 BTC at month‑end, including 1,086 BTC pledged as collateral or recorded as derivative receivables.
- CleanSpark closed on a second Texas campus that adds 300 MW of ERCOT‑approved capacity, lifting total contracted power to about 1.8 GW.
- Operationally, the miner reported roughly 50 EH/s of hashrate in February, with a deployed fleet of 235,588 machines and 580 MW utilized.
- The update follows a sharp Q1 earnings miss (EPS -$1.35 vs. $0.26 expected) that prompted target cuts from Cantor Fitzgerald and H.C. Wainwright, even as management highlights past buybacks of about 20% of shares.