CleanSpark bolsters Bitcoin treasury by 6% in February

CleanSpark grew its Bitcoin treasury by astir 6% from mining operations successful February, the crypto miner said connected March 5. 

During the period of February, CleanSpark mined a full of 624 Bitcoin (BTC), worthy upward of $55 cardinal astatine Bitcoin’s spot terms of astir $89,000 arsenic of March 5, according to CleanSpark’s monthly report. 

The institution sold 2.73 BTC successful February astatine an mean terms of much than $95,000 per BTC. It added the remainder to its firm treasury, which holds a full of 11,177 BTC arsenic of Feb. 28, the miner said. 

With holdings worthy much than $1 billion, CleanSpark has amassed the world’s fifth-largest firm BTC treasury, according to data from BitcoinTreasuries.NET. 

Miners are progressively taking a leafage retired of the Strategy — formerly MicroStrategy — playbook by holding much mined Bitcoin connected their equilibrium sheet. 

CleanSpark CEO Zach Bradford said the February results “demonstrated the worth of our axenic play Bitcoin mining strategy.”

Unlike rival Bitcoin miners, which are progressively diversifying into adjacent gross streams, specified arsenic selling high-performance compute for artificial quality models, CleanSpark is focused exclusively connected Bitcoin mining. 

CleanSpark is simply a apical firm BTC holder. Source: BitcoinTreasuries.NET

Related: Monthly Bitcoin accumulation drops arsenic miners combat rising hashrate

Surge successful gross and profits

On Feb. 7, CleanSpark reported a surge successful gross and profitability during the last 3 months of 2024 acknowledgment to little accumulation costs and buoyant BTC prices successful the aftermath of US President Donald Trump’s November predetermination win. 

In its archetypal fiscal 4th of 2025, which ended Dec. 31, the mining steadfast reported $162.3 cardinal successful revenue, a summation of 120% year-over-year. 

The company’s profits improved to $241.7 million, oregon $0.85 per share, from conscionable $25.9 cardinal 1 twelvemonth earlier. It besides added much than 1,000 BTC to its treasury. 

Business models nether pressure

Despite the beardown net performance, CleanSpark shares are down much than 10% successful the year-to-date arsenic declining cryptocurrency prices adhd further unit to Bitcoin miners’ concern models, which are already strained by the Bitcoin network’s April halving.

Macroeconomic uncertainty, including fears surrounding a commercialized war, has rattled markets since Trump took bureau successful January and announced 25% tariffs connected Canada and Mexico.

Miners are optimistic that adjacent concern lines, including leasing retired high-performance hardware to AI models and selling specialized ASIC microchips, volition much than offset immoderate gross losses.

Magazine: AI whitethorn already usage much powerfulness than Bitcoin — and it threatens Bitcoin mining