CleanSpark’s Bitcoin Production in August 2026
In August 2026, CleanSpark’s operations led to the production of 593 Bitcoins, capitalizing on a surge in Bitcoin prices that notably boosted mining revenue towards the end of the month. The company, which is publicly traded on the Nasdaq, indicated in its update from September 8 that its average daily output was approximately 19.12 BTC, peaking at a daily high of 20.40 BTC. By the end of August, CleanSpark’s total Bitcoin production for the year reached 4,903 BTC.
Bitcoin Holdings and Mining Efficiency
Despite this production, the total Bitcoin held by CleanSpark declined from 13,931 BTC on July 31 to 13,703 BTC at the end of August, attributed to the sale of more Bitcoin than was mined during that month. Although production increased from July’s figure of 586 BTC, the firm experienced a slight drop in its average operational hashrate, recorded at 38.3 exahashes per second (EH/s) for August, down from 38.6 EH/s the previous month. CleanSpark’s operational hashrate, which is defined as the maximum computing power achieved by its fully operational miners, remained at 50 EH/s.
As of August 31, the company had a fleet of 201,269 mining machines with a peak efficiency recorded at 16.07 joules per terahash (J/TH), not reflective of average operational efficiency but rather indicating the optimal performance achievable under certain conditions. CleanSpark’s maximum concurrent power usage was listed at 808 megawatts, with a total contracted capacity of 1.8 gigawatts.
Economic Landscape and Mining Revenue
The economic landscape for Bitcoin mining improved significantly in August, especially as Bitcoin prices rebounded during the latter part of the month. According to Luxor’s analysis, the hashprice, which reflects miner revenue per unit of computing power, started the month at $31.63 per petahash per day and concluded at $39.33, averaging $34.63, the highest since May. For mining equipment operating at peak efficiency of 16.07 J/TH, this average hashprice calculated a breakeven electricity cost threshold of around $0.090 per kilowatt-hour, though this figure does not account for other operational expenses.
Bitcoin Sales and Financial Impact
During August, CleanSpark sold a total of 821 BTC which included 77 BTC at spot market prices, 500 BTC through call options, and 244 BTC associated with a delta-neutral basis trade. The average sale price for these transactions was approximated at $65,420 per BTC, taking into account net sale proceeds and any premiums.
The discrepancy between Bitcoin production and sales resulted in a net outflow of 228 BTC for CleanSpark, further confirming the drop in their treasury balance. Notably, 3,951 BTC—nearly 29% of their total holdings—were designated as collateral or receivables linked to derivative trades, though many details concerning these transactions remain undisclosed, including any associated profits or losses.
Quarterly Financial Report and Future Outlook
In its quarterly financial report for the period ending June 30, CleanSpark had declared $138 million in Bitcoin mining revenue juxtaposed with $85.5 million in associated costs, excluding depreciation. This report, however, also highlighted a sizeable net loss of $239 million for the company, predominantly attributable to a $116.3 million drop in Bitcoin’s fair value alongside other significant expenses.
While CleanSpark continues construction on its data center in Sandersville, Georgia, linked to an expected $6.6 billion in future contracted revenues, developments were likewise noted in Texas where ERCOT has provisionally classified 885 megawatts of capacity. Future communications from CleanSpark are anticipated, which will offer further insights into production figures, sales, and the efficiency of its operations as well as information regarding any modifications to mining capacity or site approvals.
