CleanSpark and Two Prime open a $100 million Bitcoin collateralized credit line

ChainCatcher news, American Bitcoin mining company CleanSpark (NASDAQ: CLSK) announced a new $100 million Bitcoin collateralized credit facility with Two Prime.

This financing brings CleanSpark's total loan capacity to $400 million, providing the company with additional non-dilutive capital to accelerate data center growth. The funds are expected to support Bitcoin mining hash rate deployment, invest in high-performance computing (HPC) capabilities, and finance the company's evolving digital asset management strategy. CleanSpark's CEO and Chairman Matt Schultz stated that this financing supports the company's ongoing development across all business segments.