CleanSpark, Cango and BitFuFu produce 1,250 BTC in February as AI infrastructure ambitions grow

Public bitcoin miners continued turning out hundreds of coins in February, even as many look to partially or fully pivot into artificial intelligence and high-performance computing as the next phase of growth.

Operational updates released this week by CleanSpark, Cango, and BitFuFu show the three companies collectively produced nearly 1,250 bitcoins during February, worth roughly $86 million at current bitcoin prices.

Bitcoins mined

CleanSpark reported the largest output among the group, producing 568 BTC in February. The company operated at 50 EH/s of peak hashrate and ended the month with 13,363 bitcoins on its balance sheet, according to its latest operational update.

The miner sold 553 BTC from its monthly production for roughly $36.7 million, at an average price of $66,279 per coin. CleanSpark also expanded its infrastructure footprint, closing on a second Texas campus that adds 300 megawatts of ERCOT-approved capacity to its contracted power portfolio.

Even after the sale, CleanSpark remains among the top 10 corporate bitcoin holders, slightly ahead of Vivek Ramaswamy’s Strive.

Meanwhile, Cango reported producing 454.83 BTC during February while operating 50 EH/s of deployed hashrate. The company held 3,313 bitcoin at month-end.

Cango said it is optimizing its mining operations by renegotiating hosting agreements, upgrading equipment, and relocating machines to lower-cost power regions as it works toward a broader strategy of building AI and high-performance computing infrastructure alongside its mining business.

Smaller miner BitFuFu reported producing 227 BTC in February, including 190 BTC generated through cloud-mining customers and 37 BTC from self-mining operations.

The company ended the month holding 1,830 bitcoin, up 34 BTC from the end of January, while managing 26.4 EH/s of total hashrate across its mining operations and hosted infrastructure.

AI pivot

The production updates come as bitcoin miners increasingly reassess how their energy capacity and data-center infrastructure can be used beyond mining alone.

Several companies across the sector have begun exploring or expanding AI and high-performance computing initiatives, seeking longer-term contracts and more predictable revenue streams than bitcoin mining typically provides.

Earlier this week, for example, Core Scientific said it expects to sell “substantially all” of its bitcoin holdings in 2026 as it reallocates capital toward its expanding AI colocation business.

Bitfarms has also moved aggressively in that direction, recently announcing plans to rebrand as Keel Infrastructure and redomicile to the United States as it completes what executives described as the company’s transition away from bitcoin mining toward AI and high-performance computing data centers.

Meanwhile, investors have argued Riot Platforms’ AI pivot could ultimately create between $9 billion and $21 billion in equity value, urging the miner to accelerate development of its power-rich Texas campuses to capture growing demand for AI infrastructure.