CleanSpark sold 97% of its February Bitcoin production to fund its AI transformation.

PANews reported on March 6th that, according to CoinDesk, Bitcoin mining company CleanSpark released its February operations update, stating that it produced 568 Bitcoins that month while selling 553, a sales ratio of 97%, one of the highest reported production-to-sales ratios for the company. Based on an average price of $66,279, this generated approximately $36.65 million in cash. This sale aims to fund its expansion into AI and high-performance computing data centers.

As of February 28, CleanSpark held 13,363 bitcoins, of which 1,086 were held as collateral or as receivables related to derivatives trading. The company operates a computing power of 50 EH/s, representing approximately 7% of the global total computing power, and has added 300 megawatts of capacity in Texas, bringing its total contracted power to 1.8 gigawatts.