CleanSpark and Two Prime Establish $100 Million Bitcoin-Backed Credit Facility
ChainCatcher News, US Bitcoin mining company CleanSpark (NASDAQ: CLSK) announced the establishment of a new $100 million Bitcoin-backed credit facility with Two Prime.
This financing brings CleanSpark's total collateralized loan facility to $400 million, providing the company with additional non-dilutive capital to accelerate data center growth. The funds are expected to be used to support Bitcoin mining hash rate deployment, invest in high-performance computing (HPC) capabilities, and fund the company's evolving digital asset management strategy. CleanSpark CEO and Chairman Matt Schultz stated that this financing supports the company's continued development across all business segments.
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