CleanSpark Expands Texas Footprint with 300 MW Campus Acquisition
Event summary
- CleanSpark closed its second Texas campus, adding 300 MW of ERCOT-approved capacity to its portfolio.
- February Bitcoin production totaled 568 BTC, with an average daily output of 20.29 BTC.
- The company sold 553.02 BTC for $36.65 million, at an average price of $66,279 per BTC.
- Operational hashrate reached 50.0 EH/s, with a peak efficiency of 16.07 J/Th.
- Total Bitcoin holdings stood at 13,363 BTC as of February 28, 2026.
The big picture
CleanSpark's expansion in Texas solidifies its position as a major player in the power-dense digital infrastructure space. The acquisition aligns with broader industry trends of consolidating low-cost, high-reliability energy assets to support both Bitcoin mining and emerging AI compute demands. The company's strategic focus on generating predictable cash flow and monetizing its infrastructure through tenant-driven growth positions it to navigate market cycles effectively.
What we're watching
- Infrastructure Scaling
- How CleanSpark will integrate and utilize the new 300 MW capacity to enhance its mining operations and attract tenants.
- Market Positioning
- Whether the company's focus on AI and high-performance compute initiatives will differentiate it in the competitive Texas power market.
- Financial Strategy
- The pace at which CleanSpark will continue share repurchases and optimize its treasury strategy to amplify returns.
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