Key Takeaways
- CleanSpark has secured a $100 million credit line from Coinbase Prime, leveraging its Bitcoin assets as collateral.
- The new credit facility provides non-dilutive financing, allowing CleanSpark to raise capital without issuing new shares.
CleanSpark, a US-based sustainable Bitcoin mining company, secured a $100 million credit facility from Coinbase Prime, an institutional-grade platform for advanced trading and custody services.
The credit arrangement allows the mining company to leverage its Bitcoin holdings as collateral for non-dilutive financing, reflecting a broader trend among crypto companies accessing capital without issuing new shares.
Source: https://cryptobriefing.com/cleanspark-coinbase-prime-100m-credit-expansion/