Sep 26, 2025
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Bitcoin Miner CleanSpark Secures $100M Bitcoin-Backed Credit Facility
CleanSpark Secures $100M Bitcoin-Backed Credit Facility
- CleanSpark, Inc. has established a new $100 million Bitcoin-backed credit facility with Two Prime, increasing its total collateralized lending capacity to $400 million.
- The funds will be used for data center expansion, high-performance computing initiatives, and optimizing its Bitcoin treasury, which currently holds over 12,000 BTC.
- This is CleanSpark's second significant Bitcoin-backed funding this week, following another $100 million line of credit arranged with Coinbase Prime.
- The strategy reflects a trend among miners to leverage digital assets for financing while maintaining exposure to Bitcoin's price movements.
- Two Prime CEO Alexander Blume highlighted the growing confidence in using Bitcoin as collateral for institutional lending.
- CLSK shares showed minimal response despite the funding news, trading at $13.68, down from earlier levels, with a surge in trading volume.
- CleanSpark's market cap stands near $3.9 billion after gaining over 52% in the past month.
- The secured financing supports infrastructure growth and strengthens treasury management amidst broader industry trends.
