Bitcoin Miner CleanSpark Liquidates 553 BTC Worth $36.6M During February Sales Wave
The publicly traded mining firm offloaded virtually all Bitcoin produced in February, simultaneously boosting its Texas energy infrastructure and preserving a cryptocurrency stockpile exceeding 13,000 BTC.
American cryptocurrency mining company CleanSpark divested 553 Bitcoin from what it generated in February, receiving approximately $36.6 million, while mining a total of 568 BTC throughout the month, the firm's most recent operational report reveals.
The mining operation concluded February holding 13,363 BTC in its corporate reserves and pushed forward with infrastructure development by finalizing the acquisition of an additional Texas facility, which brings 300 megawatts of ERCOT-sanctioned electrical capacity to its portfolio.
ERCOT, the Electric Reliability Council of Texas, manages the electrical grid infrastructure throughout the state.
According to CleanSpark's disclosure, its active mining equipment numbered 235,588 machines as February concluded, delivering 50 EH/s in maximum hashrate, which quantifies computational mining capability, alongside a 43.2 EH/s mean hashrate.
Within its electrical power infrastructure, the mining company maintains 1.8 gigawatts of contractual capacity, with 808 megawatts presently operational.
CleanSpark reported generating 1,141 BTC on a year-to-date basis through Feb. 28. Additionally, the company disclosed that 1,086 BTC from its reserves are pledged as security or classified as receivables related to derivatives contracts.
The mining firm is also strategically adapting portions of its facilities to accommodate artificial intelligence and high-performance computing operations, mirroring an industry-wide trend among Bitcoin mining companies looking to capitalize on energy-intensive data processing infrastructure beyond cryptocurrency extraction.
During the time of publication, the company's shares had declined roughly 7.5% throughout the trading session, based on Yahoo Finance tracking data. Meanwhile, the CoinShares Bitcoin Mining ETF, which monitors the sector's performance, registered a 6.4% decrease during the identical period.
Miners sell off Bitcoin in 2026
CleanSpark represents just one example among multiple publicly listed mining operations that have recently divested cryptocurrency holdings to finance facility upgrades and artificial intelligence data processing initiatives.
Mining company Riot Platforms disclosed selling 1,818 BTC throughout December for approximately $161.6 million, representing a strategic pivot toward extracting value from its electrical power and data facility assets, including capabilities for AI processing demands. The firm's January announcement indicated holdings of 18,005 BTC as of Dec. 31, representing a decrease from 19,368 BTC recorded one month prior, following December production of 460 BTC.
Throughout February, Bitdeer announced the complete liquidation of its corporate Bitcoin holdings. The mining operation confirmed generating 189.8 BTC during that timeframe, offloading the entire production quantity alongside an extra 943.1 BTC drawn from existing stockpiles.
Core Scientific revealed during its fourth-quarter financial results presentation on March 2 that approximately 1,900 Bitcoin were sold for around $175 million throughout January, bringing its cryptocurrency reserves below 1,000 BTC.
On Thursday, the same company announced securing a $500 million lending arrangement from Morgan Stanley, designated for financing infrastructure to accommodate high-density computational operations including AI and high-performance computing (HPC) applications.
Speculation has also emerged regarding MARA Holdings, which ranks as the second-largest corporate Bitcoin reserve holder with 53,822 BTC recorded on its financial statements, with suggestions that the mining firm might commence liquidating its cryptocurrency assets.
Nevertheless, MARA vice president of investor relations Robert Samuels refuted the speculation through a post on X on Tuesday, clarifying that the company maintains its fundamental treasury management approach.
