$100M Bitcoin-Backed Credit Deal: CleanSpark Partners with Coinbase Prime for Mining Expan
September 22, 2025
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CleanSpark (Nasdaq: CLSK), America’s Bitcoin Miner, has secured an additional $100 million in Bitcoin-backed credit capacity from Coinbase Prime (Nasdaq: COIN). The non-dilutive financing will support strategic capital expenditures, including expanding CleanSpark’s energy portfolio, scaling Bitcoin mining operations, and investing in high-performance computing (HPC) capabilities.
The company plans to optimize its data centers near major metro centers through potential development of high-performance compute campuses. This expansion aligns with CleanSpark’s ‘Infrastructure First’ strategy and aims to enhance shareholder value through diversified compute opportunities.
CleanSpark (Nasdaq: CLSK), l’America’s Bitcoin Miner, ha assicurato ulteriori 100 milioni di dollari di capacità di credito garantita da Bitcoin da Coinbase Prime (Nasdaq: COIN). Il finanziamento non diluitivo sosterrà spese in capitale strategiche, tra cui l’espansione del portafoglio energetico di CleanSpark, l’espansione delle operazioni di mining di Bitcoin e l’investimento in capacità di high-performance computing (HPC).
L’azienda intende ottimizzare i propri data center vicino ai principali centri metropolitani attraverso lo sviluppo potenziale di campus di calcolo ad alte prestazioni. Questa espansione è allineata con la strategia di ‘Infrastructure First’ di CleanSpark e mira ad aumentare il valore per gli azionisti attraverso opportunità di calcolo diversificate.
CleanSpark (Nasdaq: CLSK), el minero de Bitcoin de Estados Unidos, ha asegurado una capacidad de crédito respaldada por Bitcoin adicional de 100 millones de dólares de Coinbase Prime (Nasdaq: COIN). El financiamiento no dilutivo respaldará gastos de capital estratégicos, incluyendo la expansión de la cartera de energía de CleanSpark, la ampliación de las operaciones de minería de Bitcoin y la inversión en capacidades de computación de alto rendimiento (HPC).
La empresa planea optimizar sus centros de datos cerca de grandes centros urbanos mediante el posible desarrollo de campus de cómputo de alto rendimiento. Esta expansión se alinea con la estrategia de ‘Infrastructure First’ de CleanSpark y tiene como objetivo mejorar el valor para los accionistas a través de oportunidades de cómputo diversificadas.
CleanSpark (나스닥: CLSK), 미국의 비트코인 채굴업체는 비트코인 담보 대출 한도 1억 달러를 Coinbase Prime(Nasdaq: COIN)으로부터 추가로 확보했습니다. 비 dilutive 자금 조달은 전략적 자본 지출을 지원하며, CleanSpark의 에너지 포트폴리오 확장, 비트코인 채굴 운영의 확장, 고성능 컴퓨팅(HPC) 능력에 대한 투자를 포함합니다.
회사는 주요 대도시 근처의 데이터 센터를 최적화하고, 고성능 컴퓨트 캠퍼스 개발의 가능성을 통해 확장을 모색할 계획입니다. 이 확장은 CleanSpark의 ‘Infrastructure First’ 전략과 일치하며, 다양화된 컴퓨트 기회를 통해 주주 가치를 높이는 것을 목표로 합니다.
CleanSpark (Nasdaq: CLSK), le mineur de Bitcoin américain, a sécurisé une capacité de crédit supplémentaire garantie par Bitcoin de 100 millions de dollars auprès de Coinbase Prime (Nasdaq: COIN). Le financement non dilutif soutiendra des dépenses d’investissement stratégiques, y compris l’expansion du portefeuille énergétique de CleanSpark, l’extension des opérations de minage de Bitcoin et l’investissement dans des capacités de calcul haute performance (HPC).
L’entreprise prévoit d’optimiser ses centres de données près des grands pôles urbains grâce au développement éventuel de campus de calcul haute performance. Cette expansion s’aligne sur la stratégie « Infrastructure First » de CleanSpark et vise à accroître la valeur pour les actionnaires par le biais d’opportunités de calcul diversifiées.
CleanSpark (Nasdaq: CLSK), der Bitcoin-Miner Amerikas, hat eine zusätzliche 100 Millionen Dollar schwere Bitcoin-gestützte Kreditkapazität von Coinbase Prime (Nasdaq: COIN) gesichert. Die nicht dilutive Finanzierung wird strategische Kapitalausgaben unterstützen, darunter die Erweiterung des Energieportfolios von CleanSpark, die Skalierung der Bitcoin-Mining-Operationen und Investitionen in Hochleistungsrechnerfähigkeiten (HPC).
Das Unternehmen plant, seine Rechenzentren in der Nähe größerer Metropolen durch eine mögliche Entwicklung von HPC-Campus zu optimieren. Diese Expansion steht im Einklang mit CleanSparks »Infrastructure First«-Strategie und zielt darauf ab, den Aktionärswert durch vielfältige Rechenmöglichkeiten zu erhöhen.
CleanSpark (ناسداك: CLSK)، مُعدِّن بيتكوين أمريكي، قد حصل على سعة ائتمان مدعومة بالبيتكوين إضافية بقيمة 100 مليون دولار من Coinbase Prime (ناسداك: COIN). التمويل غير المخفّض سيُدِم دعمًا للنفقات الرأسمالية الاستراتيجية، بما في ذلك توسيع محفظة الطاقة لشركة CleanSpark، وتوسيع عمليات تعدين البيتكوين، والاستثمار في قدرات الحوسبة عالية الأداء (HPC).
تخطط الشركة لتحسين مراكز البيانات القريبة من المراكز الحضرية الكبرى من خلال التطوير المحتمل لجامعات حساب عالية الأداء. هذا التوسع يتماشى مع استراتيجية CleanSpark « Infrastructure First » ويهدف إلى تعزيز قيمة المساهمين من خلال فرص حوسبة متنوعة.
CleanSpark (纳斯达克: CLSK)，美国的比特币矿工，已从 Coinbase Prime (纳斯达克: COIN) 获得额外 1亿美元的比特币抵押信贷额度。该非稀释性融资将支持战略性资本支出，包括扩展 CleanSpark 的能源组合、扩大比特币挖矿运营，以及投资高性能计算（HPC）能力。
公司计划通过潜在开发高性能计算园区来优化其靠近主要大都会区的数据中心。这一扩张与 CleanSpark 的“Infrastructure First”战略保持一致，旨在通过多元化的计算机会提高股东价值。
Positive
- Secured additional $100 million in non-dilutive financing
- Strategic expansion into high-performance computing capabilities
- Asset optimization near major metro centers
- Partnership with major institutional player Coinbase Prime
Negative
- Increased debt exposure through Bitcoin-backed lending
- Potential risks associated with Bitcoin price volatility affecting loan collateral
Insights
CleanSpark’s $100M credit expansion from Coinbase Prime strengthens its non-dilutive growth strategy across Bitcoin mining and high-performance computing.
CleanSpark has made a strategic financial move by securing an additional $100 million in Bitcoin-backed credit capacity from Coinbase Prime, expanding their existing credit facility. This non-dilutive financing approach is particularly noteworthy as it allows the company to fund growth without issuing new shares that would dilute existing shareholders’ ownership stakes.
The capital will be deployed across three key areas: expanding their energy portfolio, scaling Bitcoin mining operations, and investing in high-performance computing (HPC) capabilities. This diversification strategy is significant as it signals CleanSpark’s evolution beyond pure Bitcoin mining toward becoming a more comprehensive compute infrastructure company, potentially reducing revenue volatility typically associated with cryptocurrency mining.
What’s particularly interesting is the company’s focus on optimizing assets near major metro centers through HPC campuses. This indicates a strategic pivot to leverage their existing infrastructure for additional revenue streams beyond Bitcoin mining. High-performance computing represents a growing market with applications in AI, scientific research, and enterprise computing – potentially providing more stable revenue compared to the cyclical nature of Bitcoin mining.
The company’s self-described “Infrastructure First” strategy appears to be a calculated approach to create value regardless of cryptocurrency price fluctuations by establishing versatile computing facilities that can serve multiple purposes. By securing this credit facility against their Bitcoin holdings rather than selling them, CleanSpark maintains exposure to potential Bitcoin appreciation while still accessing capital for growth – effectively using their digital assets as collateral rather than consuming them.
Proceeds to support strategic energy and compute growth
Non-dilutive capital will be deployed into accretive assets across CleanSpark’s portfolio
LAS VEGAS, Sept. 22, 2025 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), America’s Bitcoin Miner® (the “Company”), today announced that it has expanded its capital strategy by increasing its Bitcoin-backed credit facility with Coinbase Prime (Nasdaq: COIN) by $100 million.
The $100 million in financing will be deployed into strategic capital expenditures, including expanding CleanSpark’s energy portfolio, scaling its Bitcoin mining operations, and investing in high-performance computing (HPC) capabilities.
“We are proud to expand our relationship with Coinbase Prime as we continue to add megawatts to our portfolio and take steps toward alternative use cases for some of our data centers,” said Matt Schultz, CleanSpark’s Chief Executive Officer and Chairman. “We see tremendous opportunity to accelerate mining growth while simultaneously optimizing our assets, particularly those near major metro centers and in our immediate pipeline, through the potential development of high-performance compute campuses.”
“We see CleanSpark’s innovative approach to expanding its capital strategy as a significant step forward for growing the crypto ecosystem through focused capital deployment,” said Brett Tejpaul, Head of Coinbase Institutional. “Our Coinbase Prime offering delivers robust, secure, and regulated infrastructure alongside industry leading custody management, supporting institutions as they scale their digital asset strategies.”
“Delivering accretive growth using non-dilutive financing is at the core of CleanSpark’s capital strategy. We are excited to expand our strategic relationship with Coinbase as our business continues to evolve, and our Digital Asset Management team will continue to drive growth and efficiency,” said Gary A. Vecchiarelli, CleanSpark’s Chief Financial Officer and President. “Our ‘Infrastructure First’ strategy has been proven historically and will further enhance shareholder value as we expand into more diversified compute opportunities.”
About CleanSparkCleanSpark (Nasdaq: CLSK), America’s Bitcoin Miner®, is a market-leading Bitcoin miner with a proven track record of success. We own and operate a portfolio of data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our operations to deliver superior returns to our shareholders. Optimally monetizing low-cost, high reliability electricity positions us to prosper in an ever-changing world. Visit our website at www.cleanspark.com.
Forward-Looking Statements
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’s expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” 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: the success and performance of the Company’s non-bitcoin data center activities and expansion into non-bitcoin infrastructure; the impact of the CEO transition on relationships with vendors, regulators, employees and investors and the ability of the executive team to execute on the Company’s strategies, in particular its pursuit of opportunities beyond bitcoin mining; completion of construction, regulatory approvals, and electrical power availability to achieve anticipated growth; the success and performance of the Company’s digital asset management and derivatives trading activities, which were only recently commenced; the success of the Company’s digital currency mining activities; the volatility in the price of Bitcoin and the volatile and unpredictable cycles in the emerging and evolving industries in which the Company operates; increasing difficulty rates for bitcoin mining; bitcoin halving; new or additional governmental regulation; the impacts of evolving global and U.S. trade policies and tariff regimes, including that there is uncertainty as to whether the Company will face materially increased tariff liability in respect of miners purchased since 2024 and in the future; the anticipated import and delivery dates of new miners; the ability to successfully import and deploy new miners and other mining equipment; dependency on utility rate structures and government incentive programs; dependency on third-party power providers for expansion efforts; the risk that expectations of future revenue growth may not be realized; and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in those filings. 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.
Investor Relations Contact
Harry Sudock
702-989-7693
ir@cleanspark.com
Media ContactCleanSpark
Malory Van Guilder
651.335.0585
malory@skyya.com
Coinbase Contactpress@coinbase.com
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SOURCE CleanSpark, Inc.
FAQ
What is the size of CleanSpark’s new credit facility from Coinbase Prime?
CleanSpark (CLSK) secured an additional $100 million in Bitcoin-backed credit capacity from Coinbase Prime.
How will CleanSpark use the $100M credit facility?
The funds will be used for strategic capital expenditures, including expanding their energy portfolio, scaling Bitcoin mining operations, and investing in high-performance computing capabilities.
Is CleanSpark’s new $100M credit facility dilutive to shareholders?
No, the financing is non-dilutive, meaning it won’t dilute existing shareholders’ ownership in the company.
What is CleanSpark’s strategy for their data centers?
CleanSpark plans to optimize its data centers near major metro centers through the potential development of high-performance compute campuses, following their ‘Infrastructure First’ strategy.
Who is providing the Bitcoin-backed credit facility to CleanSpark?
Coinbase Prime, a division of Coinbase (COIN), is providing the Bitcoin-backed credit facility to CleanSpark.
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