CleanSpark Achieves Strong Bitcoin Mining Performance in February 2025

Overview of February 2025 Performance

CleanSpark, Inc. (NASDAQ:CLSK) has released its unaudited bitcoin mining and operations update for February 2025, showcasing strong progress in its pure-play bitcoin mining strategy. The company produced 624 bitcoins during the month, bringing its total holdings to 11,177 as of February 28. CleanSpark's month-end operating hashrate reached 40.7 exahashes per second (EH/s), with a total of 915 MW of power under contract.

Operational Excellence and Efficiency

The company reported improved fleet efficiency, achieving an average of 17.07 joules per terahash (J/Th) throughout February. This improvement was driven by reduced weather-related curtailment of its S19XP machines, which contributed to high-margin output. CleanSpark also sold 2.73 bitcoins during the month at an average price of approximately $95,695 per bitcoin.

Strategic Expansions and Future Outlook

CleanSpark continues to expand its operations across key regions:

• Georgia: Ongoing facility expansions and immersion deployments aim to maintain best-in-portfolio performance.
• Cheyenne, Wyoming: Power contracts have been increased by 35 MW, reaching a total of 110 MW, with further expansion expected in 2025. The region's immersion deployments lead the portfolio in hashrate performance.
• Jackson, Tennessee: Construction of 48 MW of air-cooled infrastructure is underway, expected to power approximately 3.1 EH/s. This facility will be the largest in Tennessee and a key participant in TVA’s demand response program.

CleanSpark remains on track to achieve its mid-year goal of 50 EH/s by June 30, 2025, and is actively investing in its power pipeline to support future growth beyond 60 EH/s.