• Sun. Mar 16th, 2025

CleanSpark Boosts Bitcoin Holdings by 6% in February

Byeditor

Mar 5, 2025

Bitcoin Mining Boom: CleanSpark’s Amazing February

In the fast-paced world of cryptocurrency, a company called CleanSpark has been making big waves in Bitcoin mining. In February 2025, they added nearly 6% more Bitcoin to their collection![2][3] This isn’t just a small achievement; it shows that CleanSpark is doing a great job and is a strong player in the Bitcoin mining industry. Let’s find out more about this amazing month and what it means for CleanSpark’s future.

What Happened in February 2025?

CleanSpark’s February update had some exciting news:

    • Bitcoin Mining Output: In February, CleanSpark mined 624 bitcoins![2][3] Even though February is a shorter month, they managed to add a lot of Bitcoin to their collection. Now, they have 11,177 bitcoins![2][3]
    • Efficiency Improvements: CleanSpark’s mining machines became more efficient. On average, they used 17.07 joules of energy to make one terahash (a unit used in Bitcoin mining)[2][3]. At their best, they used only 16.82 joules per terahash![2][3] This means they can make more Bitcoin with the same amount of energy, which is great when Bitcoin prices go up and down.
    • Mining Power: By the end of February, CleanSpark’s mining machines were working at a speed of 40.7 exahashes per second (EH/s)[3]. That’s like having a super-fast computer that can do lots of calculations at once!

CleanSpark’s Plans for the Future

CleanSpark isn’t stopping with just these achievements. They have big plans for the future:

    • Expanding Their Factories: CleanSpark is building new mining machines and adding more power in Georgia, Wyoming, and Tennessee[2][3]. In Georgia, they’re adding more machines that use liquid cooling. In Wyoming, they’ve signed a deal for 35 more megawatts of power. And in Tennessee, they’re building a new factory that will add a lot more mining power in the next quarter![2][3]
    • More Mining Power: CleanSpark wants to have 50 EH/s of mining power by the end of June 2025. They’re also planning for even more power in the future![2][3]

How’s CleanSpark Doing Financially?

CleanSpark’s business is doing really well. In the past year, their revenue grew by 118%![3] They have almost $2.8 billion in assets and over $1.2 billion in cash[3]. This means they have the money to invest in more mining machines and expand their business.

What Does the Future Hold?

In short, CleanSpark’s amazing February shows that they’re doing a great job and have big plans for the future. By expanding their mining operations and focusing on efficiency, they’re well on their way to becoming even more successful in the Bitcoin mining world. As they move forward, they’ll need to keep adapting to changes in the market and stay ahead of the competition.

Sources:

By editor

Leave a Reply

Your email address will not be published. Required fields are marked *