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Seeking Alpha 2022-03-03 14:50:37

CleanSpark February daily BTC production reached a high of 10.15

CleanSpark (NASDAQ:CLSK) reported February monthly production of 276 compared to 305 bitcoins in January leading to daily BTC production reached a high of 10.15; YTD production ending Feb.28 stood at 581. As of Feb.28, total BTC holdings stood at 494; total BTC converted for operations and growth stood at 253. Currently deployed fleet of 22K+ latest-generation bitcoin miners with a total hashrate of 2.2 EH/s. The company fully funded growth and operations through the sale of 253 bitcoins in February 2022 at an average of ~$39,740/BTC. Sales of BTC equated to proceeds of ~$10.1M, most of which was used for growth capital expenditures at the company’s Norcross facility.

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