CleanSpark, Inc. announced an expansion of its capital strategy, increasing its credit facility with Coinbase Prime to $200 million. This move is part of a broader strategic approach to capital management, focusing on non-dilutive funding options.
The company has officially launched its institutional-grade Bitcoin treasury desk, which completed partner selections across borrowing, lending, custody, and derivatives to support risk management and Bitcoin treasury optimization. With Bitcoin holdings exceeding 12,000, valued at approximately $1 billion as of April 14, 2025, CleanSpark is evolving from a nearly 100% hold strategy.
CleanSpark will now use a portion of its monthly Bitcoin production to support operations, marking a strategic distinction from peers who rely on equity dilution. This approach aims to increase shareholder value through a balanced strategy of monetizing new production and building long-term holdings, with debt markets viewed as the most efficient path for accretive growth.
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