CleanSpark Secures $100 million Bitcoin Pledging Credit from Coinbase Prime
2025-09-22 22:51:56
CleanSpark, a bitcoin mining company, announced a $100 million bitcoin pledge line of credit with Coinbase Prime to access funds without selling bitcoin. The company plans to use the funds to expand its energy business, expand its bitcoin mining scale, and invest in high-performance computing (HPC) capabilities to support AI and compute-intensive business development. CleanSpark emphasizes driving growth and shareholder value through non-dilutive financing, while exploring revenue opportunities beyond bitcoin mining. Shares of the company rose nearly 6% after the announcement.
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