CleanSpark Secures $100 Million in Bitcoin-Collateralized Credit from Coinbase Prime

Bitcoin mining company CleanSpark announced it has secured a $100 million Bitcoin-collateralized credit line from Coinbase Prime. CleanSpark plans to use the facility to expand its energy assets, expand its Bitcoin mining operations, and invest in its high-performance computing (HPC) business. The company claims this move avoids the need to sell Bitcoin or issue additional shares, enabling non-dilutive financing and increasing shareholder value.