Shares of CleanSpark Inc. rallied 2.3% in premarket trading Thursday, after the bitcoin miner said it had February monthly production of 276 bitcoins , but also said it sold 253 bitcoins that month to help fund the bitcoin miner’s operations. The bitcoins it sold was at an average price of $39,740, for proceeds of about $10.1 million. The company said “most” of the proceeds were used for growth capital expenditures at its Norcross facility. Separately, the company said year-to-date bitcoin production through Feb. 28 was 581, while total bitcoin holdings as of Feb. 28 was 494, which would be valued at about $21.8 million at current prices. Bitcoin was recently down 0.3% at $43,827. CleanSpark shares have sunk 19.8% over the past three months through Wednesday, while bitcoin has dropped about 23.0% and the S&P 500 has shed 3.4%.
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