CleanSpark, one of the leaders in the Bitcoin mining industry in the USA, announced the receipt of $100 million in funding from Coinbase Prime. The deal, concluded on September 22, 2025, expands the Bitcoin-backed credit line and allows the company to raise capital without selling assets or diluting shares. These funds will be directed towards expanding the energy portfolio, scaling mining operations, and developing high-performance computing (HPC).
According to CEO Matt Schultz, the partnership with Coinbase Prime opens opportunities for accelerated growth, particularly through asset optimization in major cities. The funding is non-dilutive, allowing CleanSpark to maintain its bitcoin reserves valued at over $1 billion. This strategy underscores the company's focus on an infrastructure approach that has already proven effective.
Coinbase Prime, the institutional division of the exchange, supports the deal by providing a reliable infrastructure for storage and trading. The head of the institutional direction, Brett Tejpaul, noted CleanSpark's innovative approach to expanding the cryptocurrency ecosystem. Experts believe that such a move may signal broader trends among miners seeking alternative funding methods in a volatile market.
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