CleanSpark Boosts Financing with $100M Bitcoin-Backed Credit from Coinbase Prime
Bitcoin mining firm CleanSpark (CLSK) has announced the acquisition of a substantial $100 million credit line from Coinbase Prime, marking a strategic move that provides the company with new capital while preserving its bitcoin assets. This fresh funding facility has led to a nearly 6% increase in CleanSpark’s shares during post-market trading following the announcement. The prime objective of this new credit is to enable CleanSpark to engage in critical capital projects without the need to liquidate its bitcoin holdings or issue additional shares, actions that could dilute shareholder value. The company plans to utilize the funds for various strategic












