TLDR
- CleanSpark secures $100M Bitcoin-backed credit boost from Coinbase Prime.
- $100M facility fuels CleanSpark’s mining, HPC, and infrastructure expansion.
- CleanSpark stock jumps after $100M Bitcoin-backed credit facility expansion.
- Coinbase Prime backs CleanSpark with $100M to scale mining and computing.
- CleanSpark eyes HPC growth, leveraging $100M Bitcoin-based credit funding.
CleanSpark Inc. (Nasdaq: CLSK) closed at $13.74 on September 22, gaining 0.88% during regular trading hours. The stock surged another 4.44% in after-hours trading, reaching $14.35. This momentum followed a major financing announcement tied to the company’s capital strategy.
The firm confirmed a $100 million expansion of its Bitcoin-backed credit facility with Coinbase Prime. This agreement strengthens CleanSpark’s position in the crypto mining sector while supporting infrastructure growth. The funds will focus on high-impact capital projects tied to mining expansion and high-performance computing.
CleanSpark has seen steady upward movement in 2025, benefiting from investor optimism surrounding crypto infrastructure firms. The latest development further strengthens the company’s growth narrative. With its market cap expanding, CleanSpark remains focused on improving energy efficiency and long-term profitability.
Bitcoin-Backed Credit Deal to Accelerate CleanSpark’s Strategy
The $100 million increase in the credit facility significantly boosts CleanSpark’s ability to scale operations. The company plans to use this non-dilutive financing for strategic investments in mining and energy infrastructure. Management also confirmed that a portion will target high-performance computing (HPC) expansion.
By leveraging Bitcoin reserves, CleanSpark avoids equity dilution and preserves shareholder value. The strategy aligns with its long-standing approach of securing assets while minimizing financial risks. The deal with Coinbase Prime gives CleanSpark access to capital while retaining operational control.
Coinbase Prime provides secure and compliant infrastructure, which supports institutional growth in digital asset management. Its partnership with CleanSpark reflects the growing trend of traditional finance intersecting with digital infrastructure. CleanSpark expects this expanded relationship to support near-term and long-term development goals.
CleanSpark Eyes Growth Through Diversified Compute Infrastructure
The company aims to expand beyond crypto mining into diversified compute applications, including high-performance data centers. This expansion will open new revenue channels while more effectively utilizing existing mining infrastructure. CleanSpark is already evaluating properties near metro hubs for this transition.
Executives noted that sites with access to large-scale power will play a key role in future growth. The new capital will enable faster execution on such assets in its pipeline. CleanSpark plans to transition some of its mining facilities toward compute-heavy use cases over time.
With a proven infrastructure-first approach, CleanSpark continues to scale sustainably while targeting higher efficiency. Its focus on growth through innovation positions the company as a leader in digital asset infrastructure. The expansion reflects a clear shift toward hybridized computing strategies in the blockchain era.
