CleanSpark (CLSK), a US-based bitcoin mining company that runs large data centers sold almost all of the bitcoin 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, about 97%, according to its latest operational update. The sale generated about $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 reported.
The sale reflects a broader trend among bitcoin miners pivoting toward AI and HPC, with companies increasingly selling either new production or reducing their balance sheet to help finance new data center and infrastructure development.
CleanSpark still has a significant treasury. Per As of February 28, it had 13,363 BTC, with 1,086 BTC pledged as collateral or recorded as receivables related to derivative 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 on another Texas campus, adding 300 megawatts of ERCOT-approved capacity, bringing its total contracted power portfolio to 1.8 gigawatts.
