CleanSpark secures another $100 million credit facility to fund growth
Quick Take Bitcoin miner CleanSpark opened a new $100 million Bitcoin-backed credit facility with Two Prime in order to support growth across mining activities and digital asset treasury strategy. Also this week, the company expanded its bitcoin-backed credit facility with Coinbase Prime by $100 million.
Bitcoin miner CleanSpark (ticker CLSK) said Thursday it has opened a $100 million Bitcoin-backed credit facility with Two Prime in order to fund growth.
The capital will "support Bitcoin mining hashrate deployment, invest in high-performance computing (HPC) capabilities, and fund the company's evolving Digital Asset Management strategies," CleanSpark said in a statement .
Earlier this week, CleanSpark expanded its bitcoin-backed credit facility with Coinbase Prime by $100 million.
This new credit facility with Two Prime brings CleanSpark's "total collateralized lending facilities to $400 million," the company said.
"We have a range of exciting opportunities to maximize current megawatts in our portfolio, accelerate potential development of high-performance compute campuses, and further invest in our digital asset management strategies," said CleanSpark CEO Matt Schultz. "This financing supports CleanSpark's continued evolution across all business segments."
CleanSpark operates multiple data centers across the U.S., positioned in markets with favorable pricing for electricity. The Bitcoin miner reached 50 EH/s of operational hashrate in June, according to its latest earnings report . By the end of June, its bitcoin treasury was worth over $1 billion .
CleanSpark's shares are down 2.5% to $14.15 as of 11:22 a.m. ET, according to The Block's price data .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dogecoin News Today: Meme Coins Achieve Recognition as Institutional Investors and ETFs Drive Market Changes for 2025
- WLFI's acquisition of Solana-based meme coin SPSC triggered a 139.8% price surge, highlighting institutional interest in meme tokens. - Binance's listing of Dank Penguin and BNBHolder boosted their market caps past $5 million, showcasing exchange-driven momentum in meme coin ecosystems. - Dogecoin's ETF debut via Bitwise's BWOW and Grayscale's GDOG signals growing institutional validation, despite mixed initial performance compared to Solana/XRP ETFs. - 2025 could solidify meme coins and altcoin ETFs as
Bitcoin News Today: Bitcoin Whale Bets $84 Million—Sign of Faith or Disaster Looming?
- A Bitcoin whale opened an $84.19M 3x leveraged long on Hyperliquid after securing $10M in profits, amplifying market volatility and liquidity risks. - Other whales added 20x-25x leveraged positions totaling $75M in BTC/ETH, reflecting heightened confidence in short-term price resilience amid December 2025's 3.64% BTC and 3.79% ETH gains. - Analysts debate the rally's sustainability, citing weak Sharpe ratios (-36% Bull-Bear Index), 30% drawdown from peaks, and structural liquidity challenges favoring ran
Hyperliquid News Today: Avici Soars 1,700%—Is It MoonPay Buzz or Genuine Market Movement?
- Avici (AVICI) surged 1,700% amid speculation of a MoonPay partnership, now valued at $90.7M with $2.5M liquidity. - Analysts highlight its neobank narrative, competing with projects like Cypher while facing $50–$500 price targets implying $1B–$5B valuations. - Security risks persist, exemplified by Upbit's $36M hack and Trezor CEO's warnings on exchange vulnerabilities. - Avici's success hinges on balancing innovation with compliance, regulatory clarity, and execution amid a crowded crypto debit card mar
Bitcoin News Today: Bitcoin Recognized as a Mainstream Asset as Nasdaq Lists IBIT Alongside Leading ETFs
- Nasdaq's ISE proposes tripling Bitcoin options limits for BlackRock's IBIT to 1 million contracts, aligning it with major ETFs like EEM and GLD . - The move reflects IBIT's dominance as the largest Bitcoin options market by open interest, driven by institutional demand for hedging and speculation. - Analysts highlight the normalization of Bitcoin as a tradable asset class, with unlimited FLEX options and JPMorgan's structured notes signaling broader institutional adoption. - Regulatory alignment with gol
Trending news
MoreCrypto prices
More
