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CleanSpark Announces $200 Million Bitcoin Credit Facility, Will Expand Capital Strategy and Transition to Self-Funded Operations

2025.04.15 21:32:31

On April 15th, the Nasdaq-listed crypto mining firm CleanSpark announced that it has broadened its capital strategy and raised its credit line with Coinbase Prime (Nasdaq: COIN) to $200 million. Furthermore, the company's digital asset management team has officially initiated an institutional-grade Bitcoin fund management platform. After going through a competitive and meticulous RFP (Request for Proposal) and due diligence process across four product lines such as lending, custody, and derivatives, the team selected partners to support the company's risk management and Bitcoin fund optimization strategy. Brett Tejpaul, Coinbase's Head of Institutional, said, "Coinbase is delighted to provide support to CleanSpark and its innovative capital and fund management approach in Bitcoin mining. By strengthening our relationship with CleanSpark and offering institutional-grade lending and custody through our Prime services, we are dedicated to presenting strategic solutions to assist CleanSpark in thriving in the rapidly changing crypto space."
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