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CleanSpark bolsters Bitcoin treasury by 6% in February

CleanSpark bolsters Bitcoin treasury by 6% in February

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Source: Coin Telegraph

The miner’s stock is still under pressure as the industry grapples with declining Bitcoin spot prices.

CleanSpark grew its Bitcoin treasury by approximately 6% from mining operations in February, the crypto miner said on March 5. 

During the month of February, CleanSpark mined a total of 624 Bitcoin (BTC), worth upward of $55 million at Bitcoin’s spot price of around $89,000 as of March 5, according to CleanSpark’s monthly report. 

The company sold 2.73 BTC in February at an average price of more than $95,000 per BTC. It added the rest to its corporate treasury, which holds a total of 11,177 BTC as of Feb. 28, the miner said. 

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Author: Alex O’Donnell