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CleanSpark expands capital strategy with $100M Bitcoin-backed credit from Coinbase Prime

CleanSpark expands capital strategy with $100M Bitcoin-backed credit from Coinbase Prime

CleanSpark secures $100M credit line using Bitcoin holdings as collateral in deal with Coinbase Prime, supporting expansion amid rising institutional demand.

by Estefano Gomez

1 min read

In Business

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CleanSpark, a US-based sustainable Bitcoin mining company, secured a $100 million credit facility from Coinbase Prime, an institutional-grade platform for advanced trading and custody services.

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The credit arrangement allows the mining company to leverage its Bitcoin holdings as collateral for non-dilutive financing, reflecting a broader trend among crypto companies accessing capital without issuing new shares.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

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