{"id":837499,"date":"2025-04-15T09:17:35","date_gmt":"2025-04-15T13:17:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations\/"},"modified":"2025-04-15T09:17:35","modified_gmt":"2025-04-15T13:17:35","slug":"cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations\/","title":{"rendered":"CleanSpark Expands Capital Strategy With $200M Bitcoin-Backed Credit Facility from Coinbase Prime; Shifts to Self-Funded Operations"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">\n        <i>Proceeds from credit facility to support accretive growth on non-dilutive terms<\/i>\n      <\/p>\n<p class=\"prntac\">\n        <i>Company to begin selling a portion of monthly <span>Bitcoin<\/span> production to cover <\/i><br \/>\n        <i>operations<\/i>\n      <\/p>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">LAS VEGAS<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">April 15, 2025<\/span><\/span> \/Prnewswire\/ &#8212; CleanSpark, Inc. (Nasdaq: CLSK), America&#8217;s Bitcoin Miner\u00ae (the &#8220;Company&#8221;), today announced it has expanded its capital strategy to include an increase in its credit facility with Coinbase Prime (Nasdaq: COIN) to <span class=\"xn-money\">$200 million<\/span>. Additionally, the Company&#8217;s Digital Asset Management team has officially launched its institutional grade Bitcoin treasury desk. The team completed partner selections after running a competitive and thorough RFP and due diligence process across four product lines \u2014 borrowing, lending, custody, and derivatives \u2014 to support the Company&#8217;s risk management and Bitcoin treasury optimization strategy.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/795036\/CleanSpark_Logo_Tagline.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/795036\/CleanSpark_Logo_Tagline.jpg\" title=\"CleanSpark, Inc. Logo (PRNewsfoto\/CleanSpark, Inc.)\" alt=\"CleanSpark, Inc. Logo (PRNewsfoto\/CleanSpark, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;We are proud to expand our relationship with <span>Coinbase<\/span> through their <span>Bitcoin<\/span>-collateralized lending program as part of our broader strategic approach to capital management,&#8221; said <span class=\"xn-person\">Zach Bradford<\/span>, CEO of CleanSpark. &#8220;Our capital strategy has matured significantly, enabling us to pursue non-dilutive funding options that support both our operations and long-term growth. CleanSpark is among a select few in our industry to have achieved escape velocity \u2014 the ability to self-fund operations, augment our <span>bitcoin<\/span> treasury, and contribute to expansion capital through operational cash flow.&#8221;<\/p>\n<p>&#8220;<span>Coinbase<\/span> is excited to support CleanSpark and their innovative approach to capital and treasury management in <span>Bitcoin<\/span> mining,&#8221; said <span class=\"xn-person\">Brett Tejpaul<\/span>, Head of <span>Coinbase<\/span> Institutional. &#8220;By deepening our relationship with CleanSpark and offering institutional-grade lending and custody management through our Prime service offering, we&#8217;re committed to delivering strategic solutions that help CleanSpark thrive in the evolving <span>crypto<\/span> landscape.&#8221;<\/p>\n<p>Bradford continued, &#8220;With our <span>Bitcoin<\/span> holdings now exceeding 12,000, valued at approximately <span class=\"xn-money\">$1 billion<\/span><sup>1<\/sup>, we believe this is the right time to evolve from a nearly 100% hold strategy adopted in mid-2023 and move back using a portion of our monthly production to support operations. This represents a meaningful strategic distinction from many of our peers, who continue to rely on equity dilution to fund operating costs or increased leverage to grow their <span>Bitcoin<\/span> reserves. We view our approach as deliberately strategic rather than ideological \u2014 particularly now that we&#8217;ve reached our current scale. While we remain committed to <span>Bitcoin<\/span> as a long-term, hardened asset, we believe a more effective way to increase shareholder value is through a balanced approach between monetizing new production and building long-term holdings.&#8221;<\/p>\n<p>&#8220;As part of this balanced approach, we intend to further build out our diversified capital stack. In today&#8217;s market environment, we view the debt markets as the most efficient and responsible path to support accretive growth, and our strong balance sheet positions us to take full advantage of that opportunity. As we enter our next phase \u2014 targeting 50 exahash and beyond\u2014 we believe CleanSpark, America&#8217;s <span>Bitcoin<\/span> miner\u00ae, is uniquely positioned to deliver sustained, long-term shareholder value as we continue to execute on our strategic vision and evolve.&#8221;<\/p>\n<p>\n        <sup>1<\/sup>Based on a <span>Bitcoin<\/span> spot price of <span class=\"xn-money\">$84,500<\/span> as of <span class=\"xn-chron\">April 14, 2025<\/span><\/p>\n<p>\n        <b>About CleanSpark<\/b> \u00a0<br \/>CleanSpark (Nasdaq: CLSK), America&#8217;s <span>Bitcoin<\/span> Miner\u00ae, is a market-leading, pure play <span>Bitcoin<\/span> miner with a proven track record of success. We own and operate a portfolio of mining facilities across <span class=\"xn-location\">the United States<\/span> powered by globally competitive energy prices. Sitting at the intersection of <span>Bitcoin<\/span>, energy, operational excellence and capital stewardship, we optimize our mining facilities to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by securing the most important finite, global asset \u2013 <span>Bitcoin<\/span> \u2013 positions us to prosper in an ever-changing world. Visit our website at <u style=\"font-size: 10pt\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4405587-1&amp;h=3723843109&amp;u=https%3A%2F%2Fwww.cleanspark.com%2F&amp;a=www.cleanspark.com\" target=\"_blank\" rel=\"nofollow\">www.cleanspark.com<\/a><\/u>.\u00a0\u00a0<\/p>\n<p>\n        <b>Forward-Looking Statements<\/b> \u00a0<br \/>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company&#8217;s expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;expects,&#8221; &#8220;plans,&#8221; &#8220;anticipates,&#8221; &#8220;could,&#8221; &#8220;intends,&#8221; &#8220;targets,&#8221; &#8220;projects,&#8221; &#8220;contemplates,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;forecasts,&#8221; &#8220;predicts,&#8221; &#8220;potential&#8221; or &#8220;continue&#8221; or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to:\u00a0 availability, use, and selection of future sources of funding for operations or strategic growth, whether from operations, or from the debt and\/or equity capital markets; and, other risks described in the Company&#8217;s prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading &#8220;Risk Factors&#8221; in the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended <span class=\"xn-chron\">September 30, 2024<\/span>, and any subsequent filings with the SEC. In addition, risks related to the proposed digital assets management activities include, but are not limited to: volatility in financial markets; regulatory compliance and oversight risks, including changes in laws or interpretations that could impact the legality or profitability of trading activities; operational and cybersecurity risks associated with financial systems and data management; potential conflicts of interest or reputational risks; and the Company&#8217;s ability to attract and retain qualified personnel to manage and oversee trading functions. There can be no assurance that the Company&#8217;s digital assets management activities will achieve their intended objectives. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.\u00a0<\/p>\n<p>\n        <b>Investor Relations Contact\u00a0<\/b>\u00a0\u00a0<br \/>Barbara Domingo\u00a0\u00a0<br \/>702-989-7693\u00a0\u00a0<br \/><u><a href=\"mailto:ir@cleanspark.com\" target=\"_blank\" rel=\"nofollow\">ir@cleanspark.com<\/a><\/u> \u00a0<\/p>\n<p>\n        <b>Media Contact<\/b>\u00a0\u00a0<br \/><span class=\"xn-person\">Eleni Stylianou<\/span><br \/>702-989-7694\u00a0 <br \/><u><a href=\"mailto:pr@cleanspark.com\" target=\"_blank\" rel=\"nofollow\">pr@cleanspark.com<\/a><\/u>\u00a0\u2003\u2003\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA64922&amp;sd=2025-04-15\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations-302428927.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations-302428927.html<\/a><\/p>\n<p>SOURCE  CleanSpark, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA64922&amp;Transmission_Id=202504150900PR_NEWS_USPR_____LA64922&amp;DateId=20250415\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Proceeds from credit facility to support accretive growth on non-dilutive terms Company to begin selling a portion of monthly Bitcoin production to cover operations LAS VEGAS , April 15, 2025 \/Prnewswire\/ &#8212; CleanSpark, Inc. (Nasdaq: CLSK), America&#8217;s Bitcoin Miner\u00ae (the &#8220;Company&#8221;), today announced it has expanded its capital strategy to include an increase in its credit facility with Coinbase Prime (Nasdaq: COIN) to $200 million. Additionally, the Company&#8217;s Digital Asset Management team has officially launched its institutional grade Bitcoin treasury desk. The team completed partner selections after running a competitive and thorough RFP and due diligence process across four product lines \u2014 borrowing, lending, custody, and derivatives \u2014 to support the Company&#8217;s risk management and Bitcoin treasury optimization &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CleanSpark Expands Capital Strategy With $200M Bitcoin-Backed Credit Facility from Coinbase Prime; Shifts to Self-Funded Operations&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-837499","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CleanSpark Expands Capital Strategy With $200M Bitcoin-Backed Credit Facility from Coinbase Prime; Shifts to Self-Funded Operations - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CleanSpark Expands Capital Strategy With $200M Bitcoin-Backed Credit Facility from Coinbase Prime; Shifts to Self-Funded Operations - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Proceeds from credit facility to support accretive growth on non-dilutive terms Company to begin selling a portion of monthly Bitcoin production to cover operations LAS VEGAS , April 15, 2025 \/Prnewswire\/ &#8212; CleanSpark, Inc. (Nasdaq: CLSK), America&#8217;s Bitcoin Miner\u00ae (the &#8220;Company&#8221;), today announced it has expanded its capital strategy to include an increase in its credit facility with Coinbase Prime (Nasdaq: COIN) to $200 million. Additionally, the Company&#8217;s Digital Asset Management team has officially launched its institutional grade Bitcoin treasury desk. The team completed partner selections after running a competitive and thorough RFP and due diligence process across four product lines \u2014 borrowing, lending, custody, and derivatives \u2014 to support the Company&#8217;s risk management and Bitcoin treasury optimization &hellip; Continue reading &quot;CleanSpark Expands Capital Strategy With $200M Bitcoin-Backed Credit Facility from Coinbase Prime; Shifts to Self-Funded Operations&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-15T13:17:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/795036\/CleanSpark_Logo_Tagline.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CleanSpark Expands Capital Strategy With $200M Bitcoin-Backed Credit Facility from Coinbase Prime; 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Shifts to Self-Funded Operations - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations\/","og_locale":"en_US","og_type":"article","og_title":"CleanSpark Expands Capital Strategy With $200M Bitcoin-Backed Credit Facility from Coinbase Prime; Shifts to Self-Funded Operations - Market Newsdesk","og_description":"PR Newswire Proceeds from credit facility to support accretive growth on non-dilutive terms Company to begin selling a portion of monthly Bitcoin production to cover operations LAS VEGAS , April 15, 2025 \/Prnewswire\/ &#8212; CleanSpark, Inc. (Nasdaq: CLSK), America&#8217;s Bitcoin Miner\u00ae (the &#8220;Company&#8221;), today announced it has expanded its capital strategy to include an increase in its credit facility with Coinbase Prime (Nasdaq: COIN) to $200 million. Additionally, the Company&#8217;s Digital Asset Management team has officially launched its institutional grade Bitcoin treasury desk. The team completed partner selections after running a competitive and thorough RFP and due diligence process across four product lines \u2014 borrowing, lending, custody, and derivatives \u2014 to support the Company&#8217;s risk management and Bitcoin treasury optimization &hellip; Continue reading \"CleanSpark Expands Capital Strategy With $200M Bitcoin-Backed Credit Facility from Coinbase Prime; Shifts to Self-Funded Operations\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-15T13:17:35+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/795036\/CleanSpark_Logo_Tagline.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-expands-capital-strategy-with-200m-bitcoin-backed-credit-facility-from-coinbase-prime-shifts-to-self-funded-operations\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CleanSpark Expands Capital Strategy With $200M Bitcoin-Backed Credit Facility from Coinbase Prime; 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