CleanSpark Secures $100M Bitcoin-Backed Credit Line to Expand Mining Operations

Bitcoin minerCleanSpark has obtained a $100 million credit facility backed by its BTC holdings, signaling growing institutional support for crypto-backed financing.

• CleanSpark taps $100M credit line from Coinbase Prime
• The miner holds 12,703 BTC in reserves
• Funds will expand U.S. mining and AI infrastructure

In a move that underscores the evolving relationship between traditional finance and the Bitcoin mining sector, CleanSpark (NASDAQ: CLSK) announced it has secured a $100 million credit facility from Coinbase Prime. The deal is collateralized by the miner’s significant Bitcoin treasury, totaling 12,703 BTC.

The company stated the new financing will be used to accelerate mining expansion, renewable energy integration, and high-performance computing (HPC) infrastructure, linking Bitcoin mining to artificial intelligence workloads.

CleanSpark has consistently positioned itself as one of the leading U.S. Bitcoin miners, balancing energy efficiency with large-scale reserves. This financing deal highlights the growing willingness of major financial institutions to provide crypto-backed loans, particularly when backed by substantial BTC holdings.

Analysts suggest that this could pave the way for broader adoption of Bitcoin as collateral in corporate finance, bridging digital assets with mainstream credit markets.

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