CleanSpark expands credit line with Coinbase – Stock rises

9/24/2025, 5:00 PM

The US Bitcoin miner CleanSpark secures an additional $100 million from Coinbase. Investors react positively – the stock rises.

Eulerpool News Sep 24, 2025, 5:00 PM

100-million deal

CleanSpark has expanded its credit line with Coinbase Prime by $100 million. The financing is secured by Bitcoin holdings. The exchange reacted promptly: the stock temporarily rose by almost 5% on the NASDAQ to $14.42. Since the beginning of the year, the increase amounts to around 49%.

Capital for Expansion

The new capital is to flow into three core areas:

  • Ausbau des Energieportfolios
  • Skalierung des Bitcoin-Minings
  • Investitionen in Hochleistungsrechner und mögliche Rechenzentren-Campi

CEO Matt Schultz emphasized the close partnership with Coinbase and spoke of "enormous opportunities to accelerate mining growth.

Focus on Non-Dilutive Financing

CFO Gary Vecchiarelli emphasized that CleanSpark consciously relies on non-dilutive financing. The goal is to finance growth without issuing additional shares and burdening the stock price.

CleanSpark positions itself offensively for further growth in Bitcoin mining with fresh capital – and remains true to its philosophy of protecting shareholder value through targeted, non-dilutive financing.

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