According to the company’s latest operational update, US Bitcoin miner CleanSpark last month sold 553 bitcoins of its February production worth about $36.6 million, while producing 568 BTC during the month.
The company ended February with 13,363 BTC (BTC) in its treasury and continued to expand its infrastructure by completing the closing of its second campus in Texas, which will add 300 megawatts of ERCOT-approved power capacity.
The Electric Reliability Board of Texas, or ERCOT, manages the state’s electric grid.
CleanSpark said its mining fleet totaled 235,588 mining machines at the end of February, running at a peak hashrate of 50 EH/s, a measure of mining computing power, and an average hashrate of 43.2 EH/s.
Across its power portfolio, the company has 1.8 gigawatts of capacity under contract, of which 808 megawatts are currently in use.
CleanSpark said it has produced 1,141 BTC since February 28. The company also said that 1,086 BTC of its assets were posted as collateral or receivables in connection with the derivatives transaction.
The company is also deploying parts of its infrastructure to support artificial intelligence and high-performance computing workloads, reflecting a broader shift among bitcoin miners looking to monetize the powerful data center’s power beyond crypto mining.
At the time of writing, the company’s shares were down about 7.5% on the day, according to Yahoo Finance. The CoinShares Bitcoin Mining ETF index fell 6.4% at the same time.
related to: Former OpenAI Researcher’s Hedge Fund Reveals Bitcoin Miners’ Big Bets in New SEC Filing
Miners will sell Bitcoin in 2026
CleanSpark isn’t the only one selling bitcoin, as several publicly traded miners liquidated portions of their assets to fund infrastructure expansion and artificial intelligence data center projects.
Bitcoin miner Riot Platforms said it sold 1,818 BTC worth about $161.6 million in December as part of a shift in its strategy to monetize its power and data center infrastructure, including support for AI workloads. The company reported in January that it produced 18,005 BTC as of December 31, down from 19,368 BTC after generating 460 BTC in December.
In February, Bitdeer said it liquidated its entire corporate Bitcoin treasury. The Bitcoin Miner reported producing 189.8 BTC during the period, selling the full amount along with 943.1 BTC of its existing reserves.
Core Scientific said during its fourth quarter call on March 2 that it sold about 1,900 bitcoins worth about $175 million in January, reducing its holdings to less than 1,000 BTC.
On Thursday, the company said it secured a $500 million loan from Morgan Stanley, which it will use to fund infrastructure to support high-density computing workloads such as AI and high-performance computing (HPC).
There are also rumors about MARA Holdings, the second largest holder of Bitcoin’s corporate treasury with 53,822 BTC on its balance sheet, suggesting that the miner may start selling its reserves.
However, MARA’s vice president of investor relations, Robert Samuels, dismissed the speculation in an X message on Tuesday, saying the company has not changed its core treasury strategy.
Magazine: What is “network mode” and are there any real-life examples? Big questions
