On September 24, 2025, CleanSpark announced that it has expanded its Bitcoin‑backed credit facility with Coinbase Prime by $100 million, raising the aggregate lending capacity to $300 million. The facility is backed by CleanSpark’s Bitcoin holdings and provides non‑dilutive capital for the company.
The additional $100 million is used to fund strategic capital expenditures across CleanSpark’s portfolio, including expansion of its energy portfolio, scaling of Bitcoin mining operations, and investment in high‑performance computing capabilities. The credit line allows CleanSpark to grow without selling Bitcoin or issuing new equity, preserving shareholder value.
This financing move strengthens CleanSpark’s balance sheet and supports its “infrastructure‑first” strategy, enabling the company to accelerate deployment of new mining sites and HPC campuses while maintaining low operating costs. The non‑dilutive nature of the credit line positions CleanSpark to capitalize on favorable market conditions for Bitcoin and energy.
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