CleanSpark Boosts Bitcoin Holdings by 6% in February

CleanSpark Boosts Bitcoin Stash by 6% in February: A Big Step in Bitcoin Mining

Introduction: A New Record for CleanSpark

In the fast-changing world of Bitcoin mining, CleanSpark, Inc. has made a big achievement. In February 2025, they increased their Bitcoin stash by nearly 6%. This shows that the company is doing very well and has a smart plan for growth in the competitive Bitcoin mining industry. CleanSpark focuses on mining only Bitcoin and keeps improving its operations to be more efficient.

How CleanSpark Did in February

In February, CleanSpark mined 624 Bitcoins[1][3]. This helped them grow their total Bitcoin stash to 11,177. They mined an average of 22.30 Bitcoins each day, with a record of 23.53 on one day[1]. These numbers show that CleanSpark can keep up high productivity even in shorter months.

Becoming More Efficient and Growing

CleanSpark’s success comes from being efficient. In February, their average fleet efficiency was 17.07 joules per terahash (J/Th), with a best efficiency of 16.82 J/Th[1][3]. This means they can optimize their mining and save costs. They also grew their power contracts in Cheyenne, Wyoming, by 35 MW, making it 110 MW in total, and are building a new facility in Jackson, Tennessee[1][3].

Growing Strong and Doing Well Financially

CleanSpark’s smart growth plan is backed by their strong financial performance. In the first quarter of 2025, their revenue grew by 120% compared to the same time last year, reaching $162.3 million[4][5]. This is because they became more efficient and the cost to mine one Bitcoin went down by 6% to about $34,000[4][5]. Their net income for the quarter was $246.8 million, which is much better than the year before[5].

Looking Ahead

CleanSpark plans to reach a hashrate of 50 EH/s by June 30, 2025, and is getting ready to grow even more to 60 EH/s[1][3]. With nearly $2.8 billion in assets and $1.2 billion in cash, they have a strong foundation for these plans[4][5]. CleanSpark’s focus on doing well and growing smartly makes it a strong player in the Bitcoin mining world.

Conclusion: A Bright Future for CleanSpark

In short, CleanSpark’s 6% growth in their Bitcoin stash in February 2025 shows that they are doing very well and have a smart plan for the future. By focusing on efficiency, growth, and strong finances, CleanSpark is ready to keep growing in the Bitcoin mining industry.

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Sources:
– investors.cleanspark.com
– investing.com
– theblock.co