Quick Summary
- CleanSpark finalized acquisition of a second Texas facility in February, bringing 300 MW of ERCOT-certified power online.
- February bitcoin production totaled 568 BTC with an average daily mining rate of 20.29 BTC.
- The miner liquidated 355 BTC generating $36.65M in revenue at an average sale price of $66,279 per coin.
- Bitcoin holdings reached 13,363 BTC by month’s end with 235,588 active mining machines in operation.
- Fiscal Q1 2026 results disappointed significantly with EPS of -$1.35 versus analyst consensus of $0.26.
CleanSpark finalized the acquisition of a second mining facility in Texas during February, bringing an additional 300 megawatts of ERCOT-certified electrical capacity into its operational infrastructure.
The Nevada-headquartered cryptocurrency mining company now controls 1.8 gigawatts of total power capacity through owned and leased properties throughout the United States.
During February 2026, CleanSpark mined 568 bitcoin—marginally lower than January’s output of 573 BTC. Daily mining averaged 20.29 BTC throughout the month, with the highest single-day production hitting 23.84 BTC.
Operational hashrate closed February at 150.0 EH/s, while the monthly average operating hashrate registered at 43.2 EH/s.
The company’s mining hardware deployment totaled 235,588 machines by the end of February, achieving peak energy efficiency of 16.07 J/Th.
Utilization of contracted capacity reached 580 megawatts from the company’s 1.8 GW total available power during the reporting period.
Regarding treasury management, CleanSpark liquidated 355 BTC from February’s production output, realizing gross proceeds of $36,653,613 at an average transaction price of $66,279 per bitcoin.
The company’s bitcoin reserves stood at 13,363 BTC on February 28, with 1,086 BTC designated as collateral or receivable related to derivative contracts.
Year-to-date production for calendar 2026 through February totaled 1,141 bitcoin.
Executive Commentary on Share Repurchases and Corporate Direction
Chief Executive Officer Matt Schultz disclosed that CleanSpark has bought back 20% of shares outstanding during the preceding 18-month period. Schultz noted the company employs an adaptive treasury management approach overseen by DAM to produce consistent cash generation.
The organization is simultaneously pursuing artificial intelligence and high-performance computing ventures as complements to its primary bitcoin mining operations.
Fiscal Q1 2026 Financial Results and Wall Street Response
Notwithstanding operational progress, CleanSpark delivered disappointing quarterly financial results. The company reported earnings per share of -$1.35 for fiscal Q1 2026, substantially underperforming analyst expectations of $0.26.
Quarterly revenue registered at $181.2 million, falling short of the $194.05 million consensus estimate.
In response to the earnings release, Cantor Fitzgerald reduced its CLSK price objective to $17.00 from a previous $21.00, attributing the adjustment to declining bitcoin valuations and accelerating global hash rate expansion. The firm maintained its Overweight recommendation.
H.C. Wainwright similarly lowered its target price from $27.00 to $22.00 while retaining a Buy rating. The investment bank highlighted a 65% share price decline coinciding with bitcoin’s bear market that began in October 2025.
CLSK shares currently change hands at $10.66, representing a market capitalization of $2.73 billion. The equity exhibits a beta coefficient of 3.56 and has appreciated approximately 25% over the trailing twelve months.
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