CleanSpark Secures $100M Credit Facility from Coinbase Prime to Expand Bitcoin Mining and HPC

Bitcoin mining firm CleanSpark (NASDAQ: CLSK) has secured a $100 million credit facility from Coinbase Prime, boosting liquidity without selling its bitcoin reserves or issuing new equity. Following the announcement, CleanSpark shares jumped nearly 6% in post-market trading.

The financing provides CleanSpark with access to fresh capital for strategic initiatives, including expanding its renewable energy portfolio, scaling bitcoin mining operations, and investing in high-performance computing (HPC) infrastructure. By leveraging its bitcoin holdings as collateral, the company avoids shareholder dilution while retaining mined assets for long-term value growth.

“Delivering accretive growth using non-dilutive financing is at the core of CleanSpark’s capital strategy,” said Gary A. Vecchiarelli, the company’s CFO. He emphasized that the miner’s “Infrastructure First” approach has consistently driven shareholder value and will now support its move into diversified computing opportunities.

The timing of the deal reflects CleanSpark’s evolving strategy beyond traditional bitcoin mining. With growing demand for AI and HPC capabilities—industries requiring immense energy and processing power—miners are increasingly repurposing their data centers to host advanced computing hardware. CleanSpark aims to position itself at the forefront of this shift, building on its expertise in energy-efficient operations.

This latest raise follows leadership changes that hinted at broader diversification, reinforcing CleanSpark’s commitment to sustainable growth. The credit line strengthens its ability to expand infrastructure while holding onto valuable bitcoin assets, aligning with a market trend where miners balance profitability with long-term positioning in both crypto and next-generation computing sectors.

At a time when many miners face pressure to sell bitcoin or issue shares, CleanSpark’s non-dilutive financing highlights its commitment to shareholder value and operational scalability. The move also underscores how bitcoin miners are adapting to the rapidly expanding HPC and artificial intelligence industries.