CleanSpark Shifts Strategy to Sell Portion of Mined Bitcoin
Bitcoin miner CleanSpark (CLSK) is shifting its strategy from holding 100% of mined Bitcoin to selling a portion for operational support. Key points include:
- CleanSpark holds over 12,000 BTC, valued at over $1 billion.
- The company has increased its credit facility with Coinbase Prime to $200 million.
- Current mining power stands at 40.2 EH/s, with plans to expand to 50 EH/s.
- CEO Zach Bradford emphasized a balanced approach to enhance shareholder value.
- CLSK shares rose slightly before dropping, outperforming the CoinShares Bitcoin Miners ETF (WGMI).