CleanSpark Releases February 2026 Operational Update
MWN-AI** Summary
CleanSpark, Inc. (Nasdaq: CLSK) released its operational update for February 2026, highlighting significant advancements in its Bitcoin mining operations and infrastructure expansion. The company's CEO, Matt Schultz, announced the acquisition of a second Texas campus, adding 300 megawatts (MW) of ERCOT-approved capacity, reinforcing CleanSpark's status as a key player in the North American power market.
In February, CleanSpark produced a total of 568 bitcoins, with a peak single-day production reaching 23.84 bitcoins and an average daily output of 20.29 bitcoins. The operational hashrate was recorded at 150.0 EH/s, with an average operating hashrate of 43.2 EH/s. The company reported that its deployed fleet consisted of 235,588 mining units, showcasing a peak efficiency of 16.07 joules per terahash (J/Th).
Financially, CleanSpark emphasized its prudent balance sheet management, highlighting the repurchase of 20% of its shares throughout the past 18 months as a testament to management's confidence in the company's long-term viability. As of February 28, 2026, CleanSpark held a total of 13,363 bitcoins, with 3,553 bitcoins sold from production during the month, generating proceeds of approximately $36.65 million at an average selling price of $66,279 per bitcoin.
The company's broader strategy continues to focus on generating stable cash flow through disciplined mining operations while advancing its AI and high-performance computing efforts. Schultz expressed a commitment to simultaneously growing the portfolio and enhancing operational offerings, aiming to deliver superior returns to shareholders within an evolving market landscape. Overall, CleanSpark’s February update underscores its growth trajectory and operational excellence in the competitive cryptocurrency landscape.
MWN-AI** Analysis
CleanSpark, Inc.'s recent operational update highlights a pivotal moment for the company as it expands its Texas footprint with an additional 300 megawatts of ERCOT-approved capacity. This significant addition solidifies CleanSpark’s standing as a key player in the North American energy market, particularly in the rapidly evolving space of Bitcoin mining and digital infrastructure.
Investors should note CleanSpark's impressive operational metrics for February 2026, including a notable production of 568 Bitcoin and a current operational hashrate of 150.0 EH/s. The company's strategy of prudent share repurchases, amounting to 20% of its shares over 18 months, signals confidence in its long-term growth trajectory. With initiatives focused on AI and high-performance computing, CleanSpark is positioning itself not only as a Bitcoin miner but as a forward-looking tech company.
The recent emphasis on operational efficiency, indicated by an average peak efficiency of 16.07 J/Th, suggests that CleanSpark is not only expanding but doing so sustainably and cost-effectively. Additionally, the firm’s substantial Bitcoin treasury of 13,363 Bitcoin, coupled with disciplined cash flow generation, paints a positive picture for its financial health.
However, potential investors should remain cognizant of the inherent volatility in the Bitcoin market and regulatory risks associated with power structures. CleanSpark’s proactive approach to managing its balance sheet and expanding its operational portfolio reflects an understanding of these challenges.
Given CleanSpark's strategic positioning and operational growth, it may present a compelling investment opportunity for those looking to enter the Bitcoin mining space, albeit with an awareness of the associated risks. As always, we recommend conducting thorough due diligence before making investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
Closes on Second Texas Campus, Adding 300 MW of ERCOT-Approved Capacity
LAS VEGAS, March 5, 2026 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), today released its unaudited Bitcoin mining and operations update for the month ended February 28, 2026.
"In February, we meaningfully expanded our hyperscale-ready infrastructure platform with the closing of our second Texas campus, adding 300 megawatts of ERCOT-approved capacity to our contracted portfolio," said Matt Schultz, Chief Executive Officer and Chairman of CleanSpark. "This transaction strengthens our position as a scaled owner-operator of power-dense digital infrastructure in one of the most attractive power markets in North America. We are advancing our AI and high-performance compute initiatives while maintaining our focus on world-class operational excellence in bitcoin mining."
"We run our balance sheet the same way we run our operations: with conviction. Over the past 18 months, we have repurchased 20% of our own shares because we believe in what we are building," Schultz continued. "We have a flexible treasury strategy, optimized by DAM, generating real cash flow. We allocate deliberately, growing the portfolio and evolving our offering simultaneously, not sequentially."
Schultz concluded, "Our strategy remains consistent: generate predictable cash flow from disciplined mining operations today, monetize hyperscale-ready power and compute infrastructure through tenant-driven growth, and actively manage the balance sheet to preserve flexibility and amplify returns across cycles."
February 2026 Bitcoin Mining Highlights (Unaudited)
Production Metrics | |
Bitcoin produced | 568 |
Peak single day bitcoin production | 23.84 |
Average daily bitcoin production | 20.29 |
CY2026 bitcoin produced | 1,141 |
Fleet Metrics | |
Operational Hashrate1 | 50.0 EH/s |
Average operating hashrate | 43.2 EH/s |
Peak efficiency of deployed fleet | 16.07 J/Th |
Deployed fleet as of February 28 | 235,588 |
Bitcoin Treasury Metrics | |
Total bitcoin holdings as of February 282 | 13,363 |
Total bitcoin sold from monthly production3 | 553.02 |
Total USD proceeds from sale of BTC3 | $36,653,613 |
Average price per BTC sold | $66,279 |
Power Portfolio Metrics | |
GW under contract4 | 1.8 |
Utilized MW5 | 808 |
1Operational Hashrate refers to the highest hashrate historically achieved concurrently by all installed and functional miners that were: |
2As of February 28, 2026, CleanSpark's Bitcoin holdings were 13,363 in total (1,086 of this amount was posted as collateral or as a |
3Amounts do not include a BTC sale related to a delta neutral basis trade initiated in January of 165 bitcoin. |
4GW under contract includes all contracted power capacity for wholly owned or leased sites and excludes any other non-binding |
5Utilized MW represents the maximum megawatts used concurrently in support of the fleet's Operational Hashrate. |
About CleanSpark
CleanSpark (Nasdaq: CLSK), is a market-leading data center developer with a proven track record of success. We control a portfolio of more than 1.8 GW of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence, and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the success and performance of the Company's non-bitcoin data center activities and expansion into non-bitcoin infrastructure; completion of construction, regulatory approvals, and electrical power availability to achieve anticipated growth; the success and performance of the digital asset management and derivatives trading activities, which were only recently commenced; the success of our digital currency mining activities; bitcoin volatility; the dependency on utility rate structures and government incentive programs; and other risks described in the Company's prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in those filings. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.
Investor Relations Contact
Harry Sudock
702-989-7693
ir@cleanspark.com
Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com
SOURCE CleanSpark, Inc.
FAQ**
How does CleanSpark Inc. CLSK plan to leverage the newly acquired 300 MW capacity at its second Texas campus to enhance its operational efficiency and scalability in Bitcoin mining?
What specific measures is CleanSpark Inc. CLSK implementing to maintain operational excellence while expanding its AI and high-performance compute initiatives alongside Bitcoin mining?
Given the recent share repurchase of 20%, what are CleanSpark Inc. CLSK's long-term strategies for capital allocation and balance sheet management to sustain shareholder value?
Can CleanSpark Inc. CLSK provide insights into any future growth opportunities beyond its current Bitcoin mining operations, particularly within the framework of its digital asset management and data center activities?
**MWN-AI FAQ is based on asking OpenAI questions about CleanSpark Inc. (NASDAQ: CLSK).
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