CleanSpark Releases February 2026 Operational Update

Rhea-AI Summary

CleanSpark (Nasdaq: CLSK) released its unaudited February 2026 operations update, closing a second Texas campus and adding 300 MW of ERCOT-approved capacity to its contracted portfolio. February production was 568 BTC, year-to-date 1,141 BTC, and bitcoin holdings totaled 13,363 BTC as of Feb 28, 2026.

The company reported an operational hashrate peak of 50.0 EH/s, average operating hashrate 43.2 EH/s, deployed fleet of 235,588 miners, and sold 553.02 BTC for $36.65M.

Positive

• Closed second Texas campus adding 300 MW of ERCOT-approved capacity
• Total bitcoin holdings of 13,363 BTC as of Feb 28, 2026
• Total USD proceeds from BTC sales of $36,653,613 in February

Negative

• Average operating hashrate 43.2 EH/s below peak operational hashrate 50.0 EH/s
• Utilized 808 MW versus 1.8 GW under contract (capacity not fully utilized)

News Market Reaction – CLSK

-6.66%

41 alerts

-6.66% News Effect

-9.4% Trough in 28 hr 24 min

-$184M Valuation Impact

$2.58B Market Cap

0.5x Rel. Volume

On the day this news was published, CLSK declined 6.66%, reflecting a notable negative market reaction. Argus tracked a trough of -9.4% from its starting point during tracking. Our momentum scanner triggered 41 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $184M from the company's valuation, bringing the market cap to $2.58B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Bitcoin produced: 568 BTC Avg daily production: 20.29 BTC Operational hashrate: 50.0 EH/s +5 more

8 metrics

Bitcoin produced 568 BTC February 2026 production

Avg daily production 20.29 BTC February 2026 average daily output

Operational hashrate 50.0 EH/s Peak operational hashrate in February 2026

Total BTC holdings 13,363 BTC Holdings as of February 28, 2026

BTC sold from production 553.02 BTC Bitcoin sold from February monthly production

BTC sale proceeds $36,653,613 USD proceeds from February BTC sales

Avg BTC sale price $66,279 Average price per BTC sold in February

Power under contract 1.8 GW Contracted power portfolio

Market Reality Check

Price: $9.21 Vol: Volume 21,413,692 vs 20-d...

normal vol

$9.21 Last Close

Volume Volume 21,413,692 vs 20-day average 25,680,585 (relative volume 0.83). normal

Technical Trading below 200-day MA, with price $10.645 vs 200-day MA $12.21 and 54.91% under 52-week high.

Peers on Argus

CLSK gained 7.79% while key mining peers were mixed: HUT +7.82%, CIFR +4.63%, MA...

CLSK gained 7.79% while key mining peers were mixed: HUT +7.82%, CIFR +4.63%, MARA +1.98%, with WULF -0.5% and MRX -5.65%, suggesting a company-focused move rather than a broad sector rotation.

Historical Context

5 past events · Latest: Feb 19 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 19	Leveraged ETF launch	Neutral	+5.9%	Launch of Tradr single-stock leveraged ETFs including a 2x short CLSK product.
Feb 18	ETF announcement	Neutral	-0.1%	Planned introduction of 2x leveraged ETFs tied to CLSK and other stocks.
Feb 05	Q1 2026 results	Neutral	+22.0%	Reported Q1 FY2026 revenue, large net loss, and significant power capacity growth.
Feb 04	Jan ops update	Neutral	-10.0%	January 2026 operational update with Texas land deal and detailed mining metrics.
Jan 30	Earnings webcast notice	Neutral	-6.8%	Announcement of webcast timing for Q1 2026 financial results discussion.

Pattern Detected

News flow has blended operational updates, ETF-linked trading products, and earnings, with several items followed by sizable price moves in both directions.

Recent Company History

Over recent months, CleanSpark has combined operational scaling with capital markets activity. A January 2026 operational update highlighted Texas expansion and detailed mining metrics, while February’s Q1 FY2026 results showed $181.2M revenue but a substantial net loss. Tradr’s leveraged ETF launches around CLSK generated additional trading interest. The stock has reacted strongly at times, such as after earnings and certain updates. Today’s February 2026 operational release, emphasizing added 300 MW capacity and steady production, fits the pattern of ongoing build-out of its bitcoin and infrastructure platform.

Market Pulse Summary

The stock moved -6.7% in the session following this news. A negative reaction despite detailed opera...

Analysis

The stock moved -6.7% in the session following this news. A negative reaction despite detailed operational progress, including 568 BTC produced and 1.8 GW under contract, would fit a pattern where the market focuses on broader risk factors rather than incremental updates. Historical filings referenced sizeable net losses and convertible debt issuance, which may weigh on sentiment. In such cases, even steady hashrate and treasury metrics might not offset concerns about capital intensity, regulatory exposure, or bitcoin price volatility.

Key Terms

operational hashrate, delta neutral basis trade, derivative transactions, convertible senior notes, +1 more

5 terms

operational hashrate technical

"Operational Hashrate 1 | 50.0 EH/s"

Operational hashrate is the actual computing power that a cryptocurrency mining operation is producing at a given time, measured by how many cryptographic problems it can solve per second. Think of it as the number of machines in a factory that are actually running versus the total that could be installed; higher operational hashrate means greater potential for mining rewards and revenue, while drops can signal equipment failures, maintenance, or rising costs that matter to investors.

delta neutral basis trade financial

"do not include a BTC sale related to a delta neutral basis trade initiated"

A delta neutral basis trade is a market strategy that seeks to profit from the price gap between a security’s current market price and a related derivative (like a futures or forward) while neutralizing exposure to overall market moves. Think of it as balancing a scale so gains from the price gap can be collected without betting on whether the market goes up or down; it matters to investors because it can offer returns with reduced directional risk, though it still carries costs and specific risks tied to timing, funding and the relationship between the instruments.

derivative transactions financial

"posted as collateral or as a receivable and all related to derivative transactions"

Derivative transactions are contracts whose value depends on the price or performance of something else—like stocks, bonds, currencies, interest rates or commodities. Think of them as insurance or bets about a future price: investors use them to protect against losses, lock in prices, or try to amplify returns, but they can also magnify losses, create cash demands and expose a firm to the risk that the other party won’t meet its obligation, so they can materially affect a company’s financial stability and volatility.

convertible senior notes financial

"0.00% Convertible Senior Notes due 2032"

Convertible senior notes are a type of loan that a company issues to investors, which can be turned into company shares later on. They are called "senior" because they are paid back before other debts if the company runs into trouble. This allows investors to earn interest like a loan but also have the chance to own part of the company if its value rises.

Rule 144A regulatory

"were sold to qualified institutional buyers under Rule 144A"

Rule 144A is an SEC regulation that lets privately issued securities be resold to large, sophisticated investors without the full public registration process. Think of it as a private club where big institutional buyers can trade these offerings more quickly; for investors this boosts liquidity and pricing for private placements but limits access to smaller investors and keeps the securities outside the broader public market.

AI-generated analysis. Not financial advice.

Closes on Second Texas Campus, Adding 300 MW of ERCOT-Approved Capacity

LAS VEGAS, March 5, 2026 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), today released its unaudited Bitcoin mining and operations update for the month ended February 28, 2026.

"In February, we meaningfully expanded our hyperscale-ready infrastructure platform with the closing of our second Texas campus, adding 300 megawatts of ERCOT-approved capacity to our contracted portfolio," said Matt Schultz, Chief Executive Officer and Chairman of CleanSpark. "This transaction strengthens our position as a scaled owner-operator of power-dense digital infrastructure in one of the most attractive power markets in North America. We are advancing our AI and high-performance compute initiatives while maintaining our focus on world-class operational excellence in bitcoin mining."

"We run our balance sheet the same way we run our operations: with conviction. Over the past 18 months, we have repurchased 20% of our own shares because we believe in what we are building," Schultz continued. "We have a flexible treasury strategy, optimized by DAM, generating real cash flow. We allocate deliberately, growing the portfolio and evolving our offering simultaneously, not sequentially."

Schultz concluded, "Our strategy remains consistent: generate predictable cash flow from disciplined mining operations today, monetize hyperscale-ready power and compute infrastructure through tenant-driven growth, and actively manage the balance sheet to preserve flexibility and amplify returns across cycles."

February 2026 Bitcoin Mining Highlights (Unaudited)

Production Metrics
Bitcoin produced	568
Peak single day bitcoin production	23.84
Average daily bitcoin production	20.29
CY2026 bitcoin produced	1,141

 

Fleet Metrics
Operational Hashrate1	50.0 EH/s
Average operating hashrate	43.2 EH/s
Peak efficiency of deployed fleet	16.07 J/Th
Deployed fleet as of February 28	235,588

 

Bitcoin Treasury Metrics
Total bitcoin holdings as of February 282	13,363
Total bitcoin sold from monthly production3	553.02
Total USD proceeds from sale of BTC3	$36,653,613
Average price per BTC sold	$66,279

 

Power Portfolio Metrics
GW under contract4	1.8
Utilized MW5	808

 

1Operational Hashrate refers to the highest hashrate historically achieved concurrently by all installed and functional miners that were: properly racked and configured, supported by energized infrastructure, and capable of actively contributing to our mining pool or directly to the Bitcoin network.

2As of February 28, 2026, CleanSpark's Bitcoin holdings were 13,363 in total (1,086 of this amount was posted as collateral or as a receivable and all related to derivative transactions).

3Amounts do not include a BTC sale related to a delta neutral basis trade initiated in January of 165 bitcoin.

4GW under contract includes all contracted power capacity for wholly owned or leased sites and excludes any other non-binding arrangements.

5Utilized MW represents the maximum megawatts used concurrently in support of the fleet's Operational Hashrate.

About CleanSpark
CleanSpark (Nasdaq: CLSK), is a market-leading data center developer with a proven track record of success. We control a portfolio of more than 1.8 GW of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence, and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the success and performance of the Company's non-bitcoin data center activities and expansion into non-bitcoin infrastructure; completion of construction, regulatory approvals, and electrical power availability to achieve anticipated growth; the success and performance of the digital asset management and derivatives trading activities, which were only recently commenced; the success of our digital currency mining activities; bitcoin volatility; the dependency on utility rate structures and government incentive programs; and other risks described in the Company's prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in those filings. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.

Investor Relations Contact
Harry Sudock
702-989-7693 
ir@cleanspark.com 

Media Contact 
Eleni Stylianou
702-989-7694
pr@cleanspark.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cleanspark-releases-february-2026-operational-update-302704910.html

SOURCE CleanSpark, Inc.

FAQ

What did CleanSpark (CLSK) announce about new Texas capacity on March 5, 2026?

CleanSpark announced the closing of a second Texas campus adding 300 MW of ERCOT-approved capacity. According to the company, this expands its contracted power portfolio and supports hyperscale-ready power and compute initiatives in ERCOT.

How much bitcoin did CleanSpark (CLSK) produce in February 2026?

CleanSpark produced 568 bitcoin in February 2026. According to the company, average daily production was 20.29 BTC and year-to-date production for CY2026 reached 1,141 BTC.

How many bitcoin does CleanSpark (CLSK) hold as of February 28, 2026?

CleanSpark held 13,363 BTC as of February 28, 2026. According to the company, 1,086 BTC of that amount was posted as collateral or receivable tied to derivative transactions.

What were CleanSpark's (CLSK) February 2026 bitcoin sales and proceeds?

CleanSpark sold 553.02 BTC from monthly production for $36,653,613 in proceeds. According to the company, the average price per BTC sold was $66,279 during February.

What operational hashrate and fleet size did CleanSpark (CLSK) report for February 2026?

CleanSpark reported a peak operational hashrate of 50.0 EH/s and an average operating hashrate of 43.2 EH/s. According to the company, the deployed fleet totaled 235,588 miners as of Feb 28, 2026.