CleanSpark secures $100 million Bitcoin collateralized credit

ChainCatcher news, Bitcoin mining company CleanSpark announced that it has secured a $100 million Bitcoin staking credit line provided by Coinbase Prime.

CleanSpark stated that it will use this credit to expand its energy assets, increase Bitcoin mining, and invest in high-performance computing (HPC) business. The company claims that this move will avoid selling Bitcoin or issuing new shares, achieving non-dilutive financing and enhancing shareholder value.