CleanSpark Expands Texas Campus, Enhancing Bitcoin Production and Operational Capacity

CleanSpark Expands its Footprint in Texas with New Campus

CleanSpark, Inc. (Nasdaq: CLSK) solidifies its position in the cryptocurrency mining sector by successfully closing the acquisition of its second campus in Texas, adding an impressive 300 megawatts of ERCOT-approved capacity to its operational arsenal. This strategic expansion demonstrates CleanSpark's commitment to capitalizing on North America's favorable power market, positioning itself as a formidable player in the power-dense digital infrastructure landscape. CEO Matt Schultz emphasizes that this growth aligns with the company's dedication to operational excellence and a well-rounded growth approach, which includes proactive measures such as repurchasing 20% of its shares over the past 18 months. These decisions indicate CleanSpark’s strong confidence in its long-term trajectory within a competitive and evolving industry.

Operating within a rapidly changing cryptocurrency environment presents both opportunities and challenges. In February 2026, CleanSpark produced a total of 568 bitcoins, achieving a peak daily production of 23.84 bitcoins. This brings the company's annual production to 1,141 bitcoins, supported by an operational hashrate that reached 50.0 EH/s. With an average running hashrate of 43.2 EH/s from a deployed fleet of 235,588 mining machines, CleanSpark demonstrates efficient scaling and performance. As of February 28, 2026, the company reported holding 13,363 bitcoins, having strategically sold 553.02 bitcoins that month for about $36.65 million, reflecting an average sale price of $66,279 per bitcoin, reinforcing its business model of generating consistent cash flows even amidst market fluctuations.

CleanSpark’s growing power portfolio now encompasses 1.8 gigawatts (GW) under contract, with 808 megawatts currently operational. This further highlights the company's focus on tenant-driven growth and effective balance sheet management, aimed at maximizing returns while maintaining disciplined mining operations. By evolving its hyperscale-ready infrastructure, CleanSpark looks to sustain its ambitious growth trajectory in the dynamic cryptocurrency mining landscape, capitalizing on operational performance and strategic expansions. The company's forward-looking strategy not only enhances its capabilities in bitcoin production but also positions it strategically within the burgeoning digital economy.

Additionally, CleanSpark's commitment to maintaining a robust cash flow while innovating within the digital infrastructure space is crucial as the cryptocurrency sector matures. As the company continues to navigate the complexities of energy needs and market demands, its proactive approach to expansions and technology improvements remains a significant factor in its ongoing success. This expansion in Texas signifies CleanSpark's readiness to seize market opportunities, ensuring it remains competitive and well-positioned for future growth.