Bitcoin miner CleanSpark sold 553 BTC in February, cashing out $36.6 million. Miners are continuing

CleanSpark Sold Most of Its February Bitcoin Haul as Miners Pivot to AI and Power Plays

Bitcoin miners are shifting gears. CleanSpark, a Nasdaq-listed mining company, just dropped its February numbers, and the story is pretty clear: they sold almost everything they mined. Out of 568 Bitcoin produced last month, they offloaded 553, pocketing about $36.6 million. But here's the kicker—they're still sitting on a massive pile. Treasury's at 13,363 Bitcoin, well above the 13,000 mark.

So what's the play? Infrastructure. CleanSpark closed a deal on a second Texas campus, adding 300 megawatts of ERCOT-approved juice. They're not just mining anymore—they're building out capacity for AI and high-performance computing. It's part of a bigger trend: miners turning their high-density data centers into money-making machines beyond just crypto.

The numbers tell the rest. As of February 28, CleanSpark had 235,588 miners humming along, hitting a peak hashrate of 50 EH/s and averaging 43.2 EH/s. Year-to-date, they've produced 1,141 Bitcoin. Oh, and 1,086 of their coins? Locked up as collateral or receivables in derivatives trades.

Power-wise, they've got 1.8 gigawatts under contract, with 808 megawatts already live.

But the market didn't love the news. CleanSpark's stock dropped about 7.5% on the day. The broader mining ETF, CoinShares Bitcoin Mining ETF, slid 6.4%.

Miners Are Selling—And Not Just CleanSpark This isn't a one-off. Across the board, publicly traded miners are trimming their Bitcoin stacks to fund new digs—especially AI data centers.

Riot Platforms sold 1,818 Bitcoin in December, raking in $161.6 million, as they pivot hard into data centers and power monetization. Their stash dropped from 19,368 to 18,005 by year-end, even after mining 460 in December.

Bitdeer went even further. In February, they said they'd liquidated their entire corporate Bitcoin treasury. All 189.8 Bitcoin mined that period? Sold. Plus another 943.1 from reserves.

Core Scientific unloaded about 1,900 Bitcoin in January, pulling in $175 million and slashing their treasury to under 1,000 coins. And just this Thursday, they locked in a $500 million credit line from Morgan Stanley to build out high-density compute infrastructure—think AI, HPC, the whole package.

Rumors even swirled that MARA Holdings, the second-largest public Bitcoin holder with 53,822 coins, might start selling. But Robert Samuels, their VP of Investor Relations, shot that down on X: "Core treasury strategy? Unchanged."