CleanSpark, Inc., known as America’s Bitcoin Miner®, reported a significant increase in its bitcoin treasury in February 2025. The company mined 624 bitcoins during the twenty-eight-day month, marking a nearly 6% month-over-month growth to reach a total of 11,177 bitcoins in its treasury.
The company’s CEO and President, Zach Bradford, emphasized the value of CleanSpark’s pure play Bitcoin mining strategy during February. Despite being a shorter month, CleanSpark made progress across all its facilities. Notably, all machines have been removed from Coinmint in New York, making the portfolio 100% owned and operated. With nearly 1 GW of power under contract, CleanSpark has the capacity to support its path to reach 50 EH/s by June 30, 2025.
Some key highlights from CleanSpark’s February Bitcoin mining update include:
– Bitcoin produced: 624
– Total bitcoins held as of February 28: 11,177
– Month-end operating hashrate: 40.7 EH/s
– MW under contract: 915 MW
– Average fleet efficiency: 17.07 J/Th
– Total bitcoins sold in February: 2.73
– Deployed fleet: 198,715
– CY2025 bitcoins produced: 1,250
The company continues to invest in expanding its facilities in various locations like Georgia, Wyoming, and Tennessee. These expansions are expected to contribute to achieving CleanSpark’s mid-year goals. CleanSpark’s commitment to optimizing mining facilities for superior returns to shareholders positions it as a key player in the Bitcoin mining industry.
Looking ahead, CleanSpark is focused on reaching 50 EH/s by mid-2025 and investing in the infrastructure required to support even higher hashrates. The company remains agile in responding to market fluctuations, regulatory changes, and operational challenges to sustain its growth trajectory.
For investors and media inquiries, CleanSpark provides contact information for its Investor Relations and Media departments. The company’s commitment to transparency and communication underscores its dedication to stakeholder engagement and accountability.
In conclusion, CleanSpark’s February 2025 Bitcoin mining update showcases its operational excellence, strategic growth initiatives, and commitment to maximizing shareholder value in the dynamic Bitcoin mining landscape. As the company continues to expand its footprint and increase efficiency, it remains poised for further success in the evolving cryptocurrency market.
(Source: CleanSpark, Inc.)