Sep. 23, 2025
CleanSpark Secures $100 Million Credit Line from Coinbase Prime to Boost Mining and Energy Expansion
TMTPOST -- Bitcoin miner CleanSpark announced on Monday that it has secured a $100 million credit line from Coinbase Prime, extending its existing financing arrangements with the digital asset platform. The new credit facility is backed by CleanSpark’s Bitcoin holdings and is aimed at strengthening the company’s liquidity while supporting “accretive growth using non-dilutive financing,” Gary A. Vecchiarelli, CleanSpark’s Chief Financial Officer and President, said in a statement. The company plans to deploy the funds to support energy infrastructure expansion, mining operations, and new high-performance computing projects. The move builds on prior financing steps designed to scale CleanSpark’s operations without diluting shareholder equity. The credit line reflects growing collaboration between crypto miners and institutional finance providers, allowing companies like CleanSpark to leverage their digital asset holdings for operational growth amid ongoing market volatility.
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