CleanSpark, Inc. Nasdaq: CLSK is an American Bitcoin miner. They just announced on September 22, 2025, that it has increased its Bitcoin-backed credit facility with Coinbase Prime by 100 million. The move strengthens CleanSparks capital strategy. It unlocks non-dilutive financing for growth across its energy, mining, and high-performance computing HPC initiatives.
The expanded credit line enables CleanSpark to deploy capital into accretive assets while retaining exposure to Bitcoins potential upside. By leveraging its Bitcoin reserves as collateral, the company avoids equity dilution or liquidating holdings during expansion.
CEO Matt Schultz highlighted the significance of the deal: We are proud to expand our relationship with Coinbase Prime as we continue to add megawatts to our portfolio and take steps toward alternative use cases for some of our data centres. We see tremendous opportunity to accelerate mining growth while simultaneously optimising our assets, particularly those near major metro centres, through the potential development of high-performance compute campuses.