Cleanspark has grown its Bitcoin treasury by approximately 6% from mining operations in February, the Crypto miner said on March 5.
In the month of February, Cleanspark was mined by a total of 624 Bitcoin (Btc), cost up up to $ 55 million in the price of Bitcoin area of nearly $ 89,000 to March 5, According to In the monthly CleansPark report.
The company sold 2.73 BTC in February at an average price of over $ 95,000 per BTC. It added the rest of its corporate treasury, holding a total of 11,177 BTCs in February. 28, said the miner.
In handles worth more than $ 1 billion, Cleanspark has gathered fifth largest corporate BTC Treasury, according to Data from bitcointreasuries.net.
Miners especially take a page out of strategy – former microstrategy – Playbook’s Holds more mined bitcoin on their sheet of balance.
Cleanspark CEO Zach Bradford said the results of February “showed the value of our pure Bitcoin mining approach.”
Unlike rival Bitcoin miners, which vary in adjacent income streams, such as selling high-performance computes for artificial intelligence models, Cleanspark focuses exclusively on bitcoin mining.
Cleanspark is a leading Corporate BTC holder. Source: Bitcointreasuries.net
Related: Monthly Bitcoin making decreases as miners fight the rising hashrate
Surge to income and income
On February 7, Cleanspark reported a flow to income and profitability In the last three months of 2024 thanks to lower production costs and BTC’s great prices at the end of the November election win Donald Trump.
In the first fiscal quarter of 2025, which graduated on December 31, the mining firm reported $ 162.3 million in revenue, a benefit of 120% year-to-year.
The company’s income improved $ 241.7 million, or $ 0.85 per part, from just $ 25.9 million a year before. It also added more than 1,000 BTC to its treasury.
Business models under pressure
Despite strong income performance, Cleanspark shares dropped more than 10% on the year-to-date while refusing cryptocurrency prices increases additional pressure on Bitcoin Miners’ business models, which is forced to divide April by the Bitcoin network.
Macroeconomic uncertainty, including fears surrounding a trade war, has a rattled market Because Trump was in January and announced 25% tariffs in Canada and Mexico.
Miners are optimistic adjacent lines of business.
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