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.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.