CleanSpark sold most of its February Bitcoin production for about $36.6 million as it accelerates investment in artificial intelligence and high performance computing infrastructure.
Key Takeaways
- CleanSpark mined 568 BTC in February and sold 553 BTC, generating about $36.6 million in proceeds.
- The company ended the month with 13,363 BTC in its treasury, maintaining long term exposure to Bitcoin.
- CleanSpark is expanding infrastructure to support AI and high performance computing workloads.
- The company added 300 megawatts of new Texas power capacity, bringing total contracted power to 1.8 gigawatts.
What Happened?
Bitcoin mining company CleanSpark sold nearly all of the Bitcoin it mined in February, raising about $36.6 million in cash to support infrastructure expansion. The company produced 568 BTC during the month and sold 553 BTC while continuing to grow its treasury and computing capacity.
At the same time, the firm is expanding its data center infrastructure to support artificial intelligence and high performance computing workloads, reflecting a broader trend among miners seeking new revenue sources.
LATEST: ⛏️ CleanSpark sold 97% of the Bitcoin it mined in February, generating over $36 million in proceeds that will help fund its move into AI and high-performance computing. pic.twitter.com/M7T7OWf7tn
— CoinMarketCap (@CoinMarketCap) March 6, 2026
CleanSpark Sells Bitcoin While Maintaining Treasury Strategy
CleanSpark confirmed that it mined 568 BTC during February and sold 553 BTC at an average price of $66,279, generating roughly $36.65 million in proceeds. Despite selling most of the newly mined coins, the company still increased its Bitcoin treasury to 13,363 BTC by the end of the month.
The total treasury figure includes 1,086 BTC that remain pledged as collateral or tied to derivative related receivables.
Chief Executive Officer Matt Schultz said the company maintains a consistent and disciplined approach to managing both operations and its balance sheet.
Schultz said:
He also noted that CleanSpark has repurchased around 20 percent of its shares over the past 18 months, highlighting confidence in the company’s long term strategy. According to Schultz, the firm’s digital asset management program helps maintain liquidity while allowing the company to retain significant exposure to Bitcoin’s future price potential.
Expansion Into Artificial Intelligence Infrastructure
Alongside its treasury strategy, CleanSpark is investing heavily in AI and high performance computing infrastructure. The company recently secured a second Texas campus that adds 300 megawatts of ERCOT approved power capacity.
The Electric Reliability Council of Texas operates the state’s electrical grid, which plays a major role in supplying power to data centers and mining operations.
With the new facility, CleanSpark now has about 1.8 gigawatts of contracted power capacity, positioning the company to support large scale computing operations. The company plans to leverage its existing energy intensive infrastructure to serve growing demand for advanced computing power across industries.
CleanSpark reported that its mining fleet totaled 235,588 machines at the end of February. The fleet operated with 50 EH per second peak hashrate and 43.2 EH per second average hashrate, representing roughly 7 percent of the global Bitcoin network computing power.
Crypto Miners Increasingly Turn to AI
CleanSpark’s move reflects a broader shift in the crypto mining industry as companies explore new ways to monetize their infrastructure. Many mining firms are now repurposing their energy heavy facilities to support AI and high performance computing workloads.
Demand for computing power has surged as artificial intelligence adoption accelerates across industries. By converting mining capacity into AI-ready data centers, companies can diversify revenue streams and reduce dependence on Bitcoin mining profitability.
Several miners have recently taken similar steps.
- Riot Platforms sold 1,818 BTC in December for about $161.6 million while adjusting its strategy toward data center infrastructure.
- Bitdeer reported selling its entire corporate Bitcoin treasury while continuing mining operations.
- Core Scientific disclosed selling about 1,900 BTC in January for roughly $175 million during its earnings update.
These developments highlight how mining firms are balancing Bitcoin exposure with infrastructure investments tied to artificial intelligence growth.
CoinLaw’s Takeaway
In my experience watching the mining sector evolve, this shift toward AI infrastructure is one of the most important changes happening in the industry right now. Bitcoin mining companies already control massive energy capacity and specialized data centers. Turning those facilities into AI computing hubs feels like a natural step.
I found CleanSpark’s strategy interesting because it does not abandon Bitcoin entirely. Instead, the company is selling a portion of production to fund expansion while still holding a significant treasury. That balance between liquidity and long term crypto exposure could become a model for other miners navigating the changing market.
If demand for AI computing keeps growing the way analysts expect, companies like CleanSpark may end up operating at the intersection of two major technology trends: Bitcoin infrastructure and artificial intelligence computing.
