CleanSpark mined 593 Bitcoin in August, treasury at 13,703 BTC
In brief
- CleanSpark mined 593 Bitcoin in August, up from 586 BTC in July
- Treasury holdings reached 13,703 BTC as of August 31, down 228 BTC from July
- Year-to-date production surpassed 4,900 BTC through August 2026
- Sandersville lease deal: $6.6 billion contracted revenue over 20 years for HPC and AI
Production and Treasury Position
CleanSpark mined 593 Bitcoin in August, pushing year-to-date production north of 4,900 BTC for 2026. The treasury declined to 13,703 BTC at the end of August, down 228 BTC from July's 13,931 BTC, reflecting the company's disciplined approach to monetization and reinvestment.
In July, CleanSpark executed a two-pronged exit strategy. It sold 229 BTC at spot prices and another 350 BTC through exercised call options, achieving a blended average realized price of $66,133 per Bitcoin including option premiums. This hedging approach demonstrates the miner's willingness to lock in gains while maintaining exposure to upside price movement.
CleanSpark operates at a peak hashrate of 50 EH/s, with an average operational output of 38.6 EH/s. The fleet spans 230,507 deployed miners across facilities that draw 808 MW of the company's total 1.8 GW in contracted power capacity.
Financials and Strategic Diversification
Bitcoin mining revenue for fiscal Q3 2026 came in at $138 million, a 30.5% decline compared to the same quarter a year earlier. The company posted a net loss of $239.8 million, driven largely by fair value adjustments tied to Bitcoin price swings. As of June 30, the company reported a cash position of $202.6 million.
The revenue headwind underscores mining's inherent exposure to price volatility. CleanSpark's answer: diversification into high-margin, contracted revenue streams.
CleanSpark signed a 20-year triple-net lease for 175 MW at its Sandersville, Georgia campus for HPC and AI data center leasing. That deal carries $6.6 billion in contracted revenue over its base term, with potential extensions that could push total revenue to $11.6 billion. CEO and Chairman Matt Schultz framed this as a simultaneous push on three fronts: growing mining productivity, expanding power and land portfolio, and commercializing assets for HPC and AI workloads.
This shift reflects a broader industry trend—miners are increasingly leveraging their power infrastructure and technical expertise to serve enterprise AI demand. The Sandersville lease alone provides a revenue floor that insulates CleanSpark from mining profitability swings, while preserving optionality on its substantial Bitcoin holdings.
