Proceeds from credit facility to support accretive growth on non-dilutive terms
Company to begin selling a portion of monthly Bitcoin production to cover operations
LAS VEGAS, April 15, 2025 /Prnewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced it has expanded its capital strategy to include an increase in its credit facility with Coinbase Prime (Nasdaq: COIN) to $200 million. Additionally, the Company's Digital Asset Management team has officially launched its institutional grade Bitcoin treasury desk. The team completed partner selections after running a competitive and thorough RFP and due diligence process across four product lines — borrowing, lending, custody, and derivatives — to support the Company's risk management and Bitcoin treasury optimization strategy.
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