CleanSpark reported a 6% increase in its Bitcoin treasury in February, mining 624 Bitcoin valued at over $55 million. The company sold 2.73 Bitcoin at an average price exceeding $95,000, adding the rest to its total holdings of 11,177 Bitcoin, making it the fifth-largest corporate BTC treasury globally, worth over $1 billion. CleanSpark’s CEO, Zach Bradford, highlighted the effectiveness of their Bitcoin-only mining strategy, contrasting it with competitors diversifying into other revenue streams. Despite a surge in revenue and profitability in early 2025, CleanSpark’s stock value has declined over 10% due to falling cryptocurrency prices and ongoing Market pressures. Miners remain optimistic about leveraging adjacent business opportunities to counterbalance potential revenue losses.
CleanSpark Boosts Bitcoin Treasury Amid Soaring Prices
CleanSpark, a prominent Bitcoin mining company, announced on March 5 that it has increased its Bitcoin holdings by about 6% during February 2024. This growth comes thanks to the successful mining of 624 Bitcoins, valued at over $55 million, reflecting Bitcoin’s spot price of around $89,000 at the time of the report.
The company accomplished this achievement while selling only 2.73 Bitcoins at an impressive average price of more than $95,000 each. As a result, CleanSpark’s corporate treasury now holds a significant total of 11,177 Bitcoins as of February 28, making it the fifth-largest corporate holder of Bitcoin in the world, according to BitcoinTreasuries.NET data.
In a landscape where many miners are diversifying their strategies to include high-performance computing and artificial intelligence, CleanSpark remains dedicated solely to Bitcoin mining. CEO Zach Bradford highlighted that February’s results showcase the effectiveness of their focused approach.
The company has already reported a surge in revenue, achieving $162.3 million for the first fiscal quarter of 2025, marking a 120% increase year-over-year. CleanSpark also improved its profitability, reaching $241.7 million in profits, which has raised its value significantly despite challenges in the cryptocurrency Market this year.
However, the cryptocurrency sector remains volatile. Although CleanSpark is performing well, its shares have dropped over 10% year-to-date due to a downturn in Bitcoin prices and concerns surrounding macroeconomic issues. Despite these challenges, Bitcoin miners, including CleanSpark, are optimistic about integrating new business lines such as AI hardware leasing, which could counterbalance potential revenue declines.
As CleanSpark continues to grow its Bitcoin treasury and adapt to Market conditions, it remains a key player in the Bitcoin mining industry.
Primary Keyword: CleanSpark Bitcoin treasury
Secondary Keywords: Bitcoin mining, Bitcoin price, cryptocurrency Market
What did CleanSpark do in February?
In February, CleanSpark increased its Bitcoin treasury by 6%. This means they bought more Bitcoin to hold as part of their assets.
Why is increasing the Bitcoin treasury important?
Increasing the Bitcoin treasury is important because it shows CleanSpark’s confidence in Bitcoin as a long-term investment. It helps the company strengthen its financial position.
How does CleanSpark acquire more Bitcoin?
CleanSpark acquires more Bitcoin by purchasing it directly from the Market. They monitor Market conditions to buy at favorable prices.
What is the purpose of a Bitcoin treasury for companies?
A Bitcoin treasury helps companies diversify their assets. It allows them to hold a digital asset that has the potential to grow in value over time.
Is CleanSpark’s Bitcoin strategy unique compared to other companies?
No, many companies are exploring Bitcoin as a treasury asset. However, CleanSpark focuses on sustainable mining practices, which sets it apart in the industry.