CleanSpark finalized the acquisition of a second Texas-based mining campus during February, incorporating 300 megawatts of ERCOT-certified power capacity into its expanding operational footprint.
JUST IN:
@CleanSpark_Inc expands its Texas operations with a second campus, adding 300 MW of ERCOT-approved capacity. The company reports February's Bitcoin production at 568 coins and maintains a strong financial strategy, repurchasing 20% of shares. $CLSK pic.twitter.com/dfbpNDJm0t
— Bitcoin Mining Stock (@miningstockinfo) March 5, 2026
The Nevada-headquartered bitcoin mining operation now commands 1.8 gigawatts of total contracted electrical capacity spread across facilities it owns or leases throughout the United States.
During February 2026, the miner generated 568 bitcoin—marginally lower than January’s 573 BTC output. Daily production averaged 20.29 BTC, with the highest single-day performance hitting 23.84 BTC.
Operational hashrate measurements showed 150.0 EH/s at the end of February, while the monthly average operating hashrate registered at 43.2 EH/s.
The company’s active mining hardware totaled 235,588 units as of the final day of February, operating at a maximum energy efficiency of 16.07 J/Th.
Out of its 1.8 GW total power allocation, CleanSpark utilized 580 megawatts throughout February.
Regarding treasury management, the company liquidated 355 BTC from its monthly production, collecting $36,653,613 in total proceeds at an average sale price of $66,279 per bitcoin.
By the close of February, CleanSpark reported holding 13,363 BTC in corporate reserves, with 1,086 BTC allocated as collateral or receivables tied to derivative positions.
Year-to-date for calendar 2026 through February’s conclusion, the company accumulated 1,141 bitcoin through mining operations.
CEO Matt Schultz revealed the company has bought back 20% of shares outstanding during the preceding 18 months. He emphasized the company’s adaptable treasury management approach, executed through DAM to produce consistent cash generation.
Beyond bitcoin mining, the organization is pursuing artificial intelligence and high-performance computing ventures as complementary business lines.
Despite positive operational developments, CleanSpark’s latest quarterly financial disclosure proved challenging. The company reported fiscal Q1 2026 EPS of -$1.35, substantially below analyst consensus of $0.26.
Quarterly revenue registered at $181.2 million, falling short of the $194.05 million projection.
In response to the earnings release, Cantor Fitzgerald reduced its CLSK price objective to $17.00 from a prior $21.00 target, highlighting declining bitcoin valuations and increasing network hash rates as significant challenges. The firm maintained its Overweight recommendation.
H.C. Wainwright similarly lowered its price target from $27.00 to $22.00 while preserving a Buy rating. The investment bank noted the stock’s 65% decline coinciding with bitcoin’s bear market beginning in October 2025.
CLSK shares currently change hands at $10.66, representing a $2.73 billion market capitalization. The equity exhibits a beta coefficient of 3.56 and has appreciated approximately 25% over the trailing twelve months.
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