CleanSpark Launches $100 Million Bitcoin-Backed Credit Facility to Boost Operations
CleanSpark Expands Its Capital Strategy with New Credit Facility
CleanSpark, Inc. (Nasdaq: CLSK), known as America's Bitcoin Miner®, recently made headlines with its ambitious move to boost its capital strategy. On September 25, 2025, the company announced the opening of a $100 million Bitcoin-backed credit facility in collaboration with Two Prime. This noteworthy financing initiative marks a significant addition to CleanSpark's existing collateralized lending facilities, which now total $400 million.
The impact of this new credit facility is expected to be substantial. It will provide CleanSpark with essential non-dilutive capital aimed at accelerating the growth of its data center operations and enhancing its operational efficiency. Specifically, the funds will be allocated to support the deployment of Bitcoin mining hashrate, invest in advanced high-performance computing (HPC) capabilities, and further develop the company's evolving strategies within Digital Asset Management.
Excited Leadership
CleanSpark's Chief Executive Officer and Chairman, Matt Schultz, expressed his enthusiasm about the facility, stating, “We are excited to add $100 million in non-dilutive financing with Two Prime to our mature capital stack. We have a range of exciting opportunities to maximize current megawatts in our portfolio, accelerate potential development of high-performance compute campuses, and further invest in our Digital Asset Management strategies.”
This financing is a testament to CleanSpark's commitment to continuously evolve across all segments of its business.
Partnership with Two Prime
Two Prime, known for providing secured credit solutions tailored to institutional Bitcoin holders, showed enthusiasm in supporting CleanSpark through this partnership. Alexander Blume, CEO of Two Prime, noted, “We are thrilled to support CleanSpark with this credit facility. Our commitment is to empower clients like CleanSpark with the resources they need to grow, and we look forward to building on this strong relationship well into the future.”
This collaboration showcases the importance of strategic partnerships in the rapidly evolving world of digital assets and cryptocurrency.
Leveraging Bitcoin Reserves
The financial strategies are further bolstered by CleanSpark's significant treasury holding of nearly 13,000 bitcoins. Gary A. Vecchiarelli, the company’s Chief Financial Officer and President, mentioned how effectively they have utilized this treasury balance, indicating a prudent approach towards leveraging capital for growth. He stated, “With strong cash flow and accretive opportunities ahead, we are positioned to rapidly pay down debt, and our $400 million total capacity remains largely undrawn.”
About CleanSpark
Founded in 2020, CleanSpark has established itself as a prominent Bitcoin mining firm with a robust portfolio of data centers primarily located across the United States, where it capitalizes on competitively priced energy. The company intertwines the domains of Bitcoin mining, energy management, and operational efficacy to deliver superior returns for its shareholders. By monetizing low-cost, reliable electricity, CleanSpark is well-positioned to succeed amid the fast-changing landscape of digital assets.
About Two Prime
Two Prime Lending Limited is recognized for its provision of secured credit solutions for institutional Bitcoin assets, offering over $3 billion in lending capacity. The firm's focus is on providing loans backed by collateral held securely, prioritizing the protection of client assets. Their client base includes miners, asset managers, and corporate treasuries, underscoring the diverse applicability of their financial solutions.
In summary, CleanSpark's new credit facility not only signifies a strategic advancement but also highlights the synergy between innovative financing and the growing realm of Bitcoin mining and asset management. With the ongoing evolution in the cryptocurrency landscape, such initiatives are crucial for the sustainability and growth of firms operating at the intersection of energy and digital finance.
Topics Financial Services & Investing）
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