The post CleanSpark’s Stock Jumps 6% After Securing $100M Bitcoin Credit Line appeared on BitcoinEthereumNews.com.

TLDR CleanSpark’s stock rose by 6% in after-hours trading following the announcement of a $100M Bitcoin-backed credit line with Coinbase. The company will use its Bitcoin holdings as collateral instead of selling coins or issuing new shares to fund growth. CleanSpark plans to use the funds to expand its energy portfolio, scale Bitcoin mining operations, and develop high-performance computing capabilities. The new credit facility aligns with CleanSpark’s strategy to leverage Bitcoin as a working asset while avoiding shareholder dilution. CleanSpark’s stock has increased by 33% over the last five trading days, reflecting positive investor sentiment. CleanSpark Inc.’s stock surged following the announcement of a $100 million Bitcoin-backed credit facility with Coinbase Prime. The company’s stock rose 6% in after-hours trading, reaching $14.60, building on the previous week’s gains. CleanSpark closed regular trading at $13.74 but jumped to $14.86 post-announcement, reflecting investor optimism. CleanSpark Leverages Bitcoin for Credit CleanSpark has tapped an additional $100 million in credit, using its Bitcoin holdings as collateral. This strategic move allows the company to access capital without liquidating Bitcoin or issuing new shares. CEO Matt Schultz stated, “This expansion with Coinbase Prime allows us to fund growth without sacrificing shareholder equity or liquidating Bitcoin.” The credit line reflects CleanSpark’s approach of using its Bitcoin reserves as an asset rather than selling them. This tactic provides a non-dilutive method of financing growth while maintaining exposure to Bitcoin’s potential upside. CleanSpark’s decision to rely on Bitcoin-backed credit shows the company’s growing confidence in the cryptocurrency’s long-term value. The mining company plans to use the funds for several key initiatives, including expanding its energy portfolio and scaling Bitcoin mining operations. In addition, CleanSpark aims to develop high-performance computing capabilities by converting select facilities into diversified compute campuses. These campuses will target the increasing demand for AI and cloud…

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Filed under: News - @ September 23, 2025 4:26 am