BlockBeats news, on March 6, Bitcoin mining company CleanSpark released its February operational update, producing 568 bitcoins and selling 553, achieving a sales ratio of 97%, one of the highest sales-to-production ratios in the company’s history. At an average price of $66,279, this generated approximately $36.65 million in cash.
The sale will fund its expansion into AI and high-performance computing data centers. As of February 28, CleanSpark held 13,363 bitcoins, of which 1,086 were pledged as collateral or related to receivables from derivative transactions. The company’s operational hash rate reached 50 EH/s, accounting for approximately 7% of the global total hash rate.