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CleanSpark's Bitcoin Holdings Surge: 624 Coins Mined in February

Coin WorldWednesday, Mar 5, 2025 10:15 am ET
1min read

CleanSpark, a prominent U.S.-based Bitcoin miner, has announced a substantial increase in its Bitcoin holdings following a productive February. The company mined 624 Bitcoins during the month, bringing its total holdings to 11,177 Bitcoins.

Zach Bradford, CEO and President of CleanSpark, attributed the company's success to its pure-play Bitcoin mining strategy, which focuses exclusively on Bitcoin and continually enhances operational excellence. Despite February being a shorter month, CleanSpark made significant progress across all its facilities and added more power to its contracted portfolio. The company's portfolio is now 100% owned and operated, with the last remaining machines removed from Coinmint in New York.

In February, CleanSpark's average hashrate was 39.07 EH/s, with an average fleet efficiency of 17.07 J/Th, resulting in an average of 22.30 Bitcoins mined daily. The month-end peak fleet efficiency was 16.82 J/Th, with a single day high of 23.53 Bitcoins. The company sold 2.73 Bitcoins during February at an average price of approximately $95,695 per Bitcoin.

CleanSpark is on track to reach 50 EH/s by June 30, 2025, and continues to invest in the power pipeline required to support 60 EH/s and beyond. The company is expanding its facilities and regions, including several expansions to existing facilities and regions in Georgia. It has also expanded its power contracts in Cheyenne, Wyoming, to a total of 110 MW, with further expansion expected in 2025. Construction on 48 MW of air-cooled infrastructure continues in Jackson, Tennessee, to power approximately 3.1 EH/s as part of the path to 50 EH/s.

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Funny_Story2759
03/05
$CLSK hope for a few more days like this instead of 5 bad and 1 good 🙏
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Lucas
03/05

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rubiyan
03/05
@Lucas Fair enough
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cfeltus23
03/05
$CLSK please 🙏
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Antinetdotcom
03/05
$CLSK I've been lowering my cost over time and I'm excited for this to take off
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charon-the-boatman
03/05
$CLSK Just buy the stock!
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Paper_Coin
03/05
$CLSK 3/14 Calls are really cheap 🤔
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VirtualLife76
03/05
$CLSK Good things are coming 👏👏👏
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Head_Product412
03/05
$CLSK Being short right now with the btc summit this Friday is tricky. It's hard to stay in when there's not much left.
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Janq55
03/05
$CLSK Don't miss out on your chance to buy before the Crypto Summit on March 7, 2025! 💰💰💰
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DutchAC
03/05
$CLSK not moving, just speculative, put money to lose, if win, treat as lottery ticket
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NinjaImaginary2775
03/05
CleanSpark's mining power is beast mode 🚀. Wondering if they'll hit 60 EH/s before 2025 hits.
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Howell--Jolly
03/05
@NinjaImaginary2775 Before or after, they'll crush it.
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ImplementEither7716
03/05
CleanSpark's efficiency jump, pure play strategy paying off.
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ContentSort1597
03/05
@ImplementEither7716 CleanSpark's efficiency is solid, but can they maintain it?
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CALAND951
03/05
39.07 EH/s avg hashrate? That's some serious processing power. Makes me rethink my own mining setup.
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CantaloupeWarm1524
03/05
CleanSpark flexing hard, 11k BTC and counting 🚀
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greyenlightenment
03/05
39 EH/s? These guys are mining pros.
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Really_Schruted_It
03/05
@greyenlightenment 39 EH/s? Pretty sweet, huh?
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