TL;DR:
Public bitcoin miners kept shipping meaningful production in February, even as management teams increasingly pitch AI and high-performance computing as the next revenue engine. CleanSpark, Cango and BitFuFu said their February output totaled nearly 1,250 BTC, worth roughly $86 million at current prices. For investors, strong coin production alongside a visible AI pivot signals that miners are still monetizing hashpower while retooling their power and data-center footprints. Across the sector, miners are leveraging contracted megawatts to chase longer-term colocation contracts. The operational read-through is simple: generate BTC today, build optionality for tomorrow, and protect runway.
CleanSpark led the group, mining 568 BTC in February while running 50 EH/s of peak hashrate and finishing the month with 13,363 BTC on its balance sheet. Management also sold 553 BTC for about $36.7 million at an average $66,279 per coin, signaling a disciplined sell-to-fund approach rather than a pure hold posture. On infrastructure, the miner closed on a second Texas campus, adding 300 megawatts of ERCOT-approved capacity to its contracted power portfolio. Even after the sale, it stayed in the top 10 corporate holders. It remains slightly ahead of Vivek Ramaswamy’s Strive today.
Cango produced 454.83 BTC in February at 50 EH/s of deployed hashrate and ended the month holding 3,313 BTC. It said it is optimizing by renegotiating hosting agreements, upgrading equipment, and relocating machines to lower-cost power regions as it builds AI and high-performance computing infrastructure alongside mining. BitFuFu added 227 BTC, including 190 BTC from cloud-mining customers and 37 BTC from self-mining. With 26.4 EH/s managed across owned and hosted fleets, it finished February with 1,830 BTC, up 34 month over month. Cango and BitFuFu added 680+ BTC combined. Combined output kept execution risk contained.
These updates land as miners rethink how to monetize power beyond block subsidies. Many are repurposing data centers for AI and high-performance computing to win longer contracts and steadier revenue. Core Scientific said it expects to sell “substantially all” its BTC holdings in 2026 to fund AI colocation expansion. Bitfarms plans to rebrand as Keel Infrastructure and redomicile to the United States as it completes a shift away from mining. Investors say Riot’s AI pivot could create $9 billion to $21 billion in equity value, pushing faster buildouts. AI monetization is the strategic north star.
