Key Highlights
- CleanSpark finalized its second Texas facility purchase in February, bringing 300 MW of ERCOT-approved capacity online.
- February bitcoin production reached 568 BTC, with daily output averaging 20.29 BTC.
- The miner liquidated 355 BTC during February, collecting $36.65M at $66,279 per coin.
- Bitcoin holdings reached 13,363 BTC by February 28, with 235,588 active mining units in operation.
- Fiscal Q1 2026 earnings showed a significant shortfall, with EPS of -$1.35 versus analyst projections of $0.26.
CleanSpark finalized the acquisition of its second Texas mining campus during February, bringing an additional 300 megawatts of ERCOT-approved power capacity into its infrastructure network.
JUST IN: 🏢 @CleanSpark_Inc expands its Texas operations with a second campus, adding 300 MW of ERCOT-approved capacity. The company reports February's Bitcoin production at 568 coins and maintains a strong financial strategy, repurchasing 20% of shares. $CLSK pic.twitter.com/dfbpNDJm0t
— Bitcoin Mining Stock (@miningstockinfo) March 5, 2026
The Nevada-headquartered bitcoin mining operation now commands 1.8 gigawatts of contracted power capacity distributed across facilities the company owns or leases throughout the United States.
February 2026 mining operations yielded 568 bitcoin, trailing the previous month’s 573 BTC by a narrow margin. Daily production averaged 20.29 BTC, with the highest single-day output hitting 23.84 BTC.
Operational hashrate measurements showed 150.0 EH/s at the close of February, while the monthly average operating hashrate settled at 43.2 EH/s.
CleanSpark’s active mining hardware totaled 235,588 units as of February 28, achieving peak efficiency metrics of 16.07 J/Th.
Power utilization during February reached 580 megawatts of the company’s total 1.8 GW contracted capacity.
Treasury management activities included the sale of 355 BTC from February’s mining output, bringing in total proceeds of $36,653,613 at an average sale price of $66,279 per bitcoin.
Balance sheet bitcoin holdings stood at 13,363 BTC on February 28, with 1,086 BTC allocated as collateral or receivable connected to derivative positions.
Year-to-date production for calendar 2026 through February totaled 1,141 bitcoin.
Executive Perspective on Share Repurchases and Operations
CEO Matt Schultz disclosed that the company has bought back 20% of outstanding shares during the previous 18 months. Schultz indicated CleanSpark employs an adaptable treasury approach managed through DAM to create continuous cash flow.
The mining firm is pursuing AI and high-performance computing projects as complementary ventures to its primary bitcoin mining operations.
Fiscal Q1 2026 Earnings Results and Wall Street Response
Operational progress contrasted sharply with recent quarterly financial performance. CleanSpark reported EPS of -$1.35 for fiscal Q1 2026, falling substantially short of the $0.26 consensus estimate.
Revenue reached $181.2 million, trailing the $194.05 million analyst forecast.
Cantor Fitzgerald responded by reducing its CLSK price target to $17.00 from $21.00, highlighting declining bitcoin valuations and increasing global hash rates as primary challenges. The firm maintained its Overweight rating.
H.C. Wainwright similarly adjusted its target downward from $27.00 to $22.00 while keeping a Buy rating. The institution noted a 65% stock decline since bitcoin entered bearish territory in October 2025.
CLSK shares currently trade at $10.66, representing a market capitalization of $2.73 billion. The equity shows a beta of 3.56 and has posted approximately 25% gains over the trailing twelve months.
