Funds will support strategic energy and computing expansion
Non-dilutive financing will be allocated to enhancing CleanSpark’s asset portfolio
LAS VEGAS, Sept. 22, 2025 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), known as America’s Bitcoin Miner®, has revealed an increase in its capital strategy by enhancing its Bitcoin-backed credit line with Coinbase Prime (Nasdaq: COIN) by $100 million.
The newly secured $100 million will be directed towards crucial capital investments. This includes measures to expand CleanSpark’s energy sector, enhance its Bitcoin mining practices, and invest in high-performance computing (HPC) technologies.
“We are thrilled to deepen our partnership with Coinbase Prime as we augment our megawatt capacity and explore alternative applications for our data centers,” stated Matt Schultz, CleanSpark’s CEO and Chairman. “We recognize substantial potential to boost mining acceleration while optimizing our assets, particularly those positioned near major metropolitan areas and within our upcoming projects, through the establishment of high-performance computing facilities.”
Coinbase Institutional’s Head, Brett Tejpaul, commented on CleanSpark’s innovative capital expansion strategy, stating it significantly contributes to the growth of the cryptocurrency landscape via dedicated capital allocation. He emphasized that the Coinbase Prime service offers strong, secure, and regulated infrastructure, which supports institutions as they expand their digital asset approaches.
“Our emphasis on achieving productive growth through non-dilutive funding underpins CleanSpark’s capital approach. We are eager to enhance our strategic alliance with Coinbase as our operations continue to evolve,” stated Gary A. Vecchiarelli, CFO and President of CleanSpark. “Our proven ‘Infrastructure First’ strategy is expected to further maximize shareholder value as we tap into diversified computing opportunities.”
About CleanSpark
CleanSpark (Nasdaq: CLSK), recognized as America’s Bitcoin Miner®, is a prominent player in the Bitcoin mining sector with a solid successful history. We manage a collection of data centers throughout the United States, benefiting from highly competitive energy rates. Positioned uniquely at the intersection of Bitcoin, energy efficiency, operational excellence, and capital management, we strive to optimize our operations to deliver impressive returns for our stakeholders. For more information, visit our website at www.cleanspark.com.
