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.
What CleanSpark Achieved in February
CleanSpark’s performance in February was really good. They mined 624 Bitcoins during the month[1][3]. This helped them grow their total Bitcoin stash to 11,177, which is a lot more than they had before. On average, they mined 22.30 Bitcoins each day, and on one day, they even mined 23.53 Bitcoins[1]. These numbers show that CleanSpark can keep up a high level of productivity, even in shorter months.
Getting More Efficient and Growing
CleanSpark’s success comes from being very efficient. In February, their mining machines used an average of 17.07 joules of energy to make one terahash (J/Th)[1][3]. This means they’re using less energy to do more work, which helps them save money. Also, they’ve grown their power contracts in Cheyenne, Wyoming, by 35 MW, making the total 110 MW. They’re also building a new facility in Jackson, Tennessee[1][3].
Growing Strong and Doing Well Financially
CleanSpark’s smart growth plan is helped by their strong financial performance. In the first quarter of the fiscal year 2025, their revenue grew by 120% compared to the same time last year, reaching $162.3 million[4][5]. This growth comes from working more efficiently and reducing the cost to mine one Bitcoin, which went down by 6% to about $34,000[4][5]. Their net income for the quarter was $246.8 million, which is much more than the previous year[5].
Looking Ahead
In the future, CleanSpark plans to have a hashrate of 50 EH/s by June 30, 2025, and they’re getting ready to grow even more to 60 EH/s[1][3]. They have a strong financial position with nearly $2.8 billion in assets and $1.2 billion in cash, which will help them with their plans. CleanSpark’s focus on doing well and growing smartly makes them a strong player in the Bitcoin mining world.
Conclusion: A Bright Future for CleanSpark
In short, CleanSpark’s 6% increase in their Bitcoin stash in February 2025 shows that they’re doing a great job and have a smart plan. By focusing on being efficient, growing, and doing well financially, CleanSpark is ready to keep growing in the Bitcoin mining industry. As they work towards their big plans, they’ll continue to be an important part of the changing world of cryptocurrency mining.
—
Sources:
– investors.cleanspark.com
– investing.com
– theblock.co