Funds raised will support the company’s expansion into energy resources and computing power.
The capital, raised without diluting existing shares, will be strategically invested across CleanSpark’s various assets.
LAS VEGAS, Sept. 22, 2025 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), recognized as a leading Bitcoin mining operation in the U.S., referred to as “the Company,” has announced an expansion of its financial strategy. The company has increased its Bitcoin-collateralized credit line with Coinbase Prime (Nasdaq: COIN) by $100 million.
This additional $100 million in funding will be strategically invested in several key areas. This includes the expansion of CleanSpark’s energy resources, scaling up its Bitcoin mining activities, and investing in advanced high-performance computing (HPC) technologies.
“We are pleased to strengthen our partnership with Coinbase Prime as we continue to grow our portfolio of energy resources and explore new applications for our data centers,” stated Matt Schultz, Chief Executive Officer and Chairman of CleanSpark. “We see a significant opportunity to accelerate our mining growth while simultaneously optimizing our current assets. This includes potential development of high-performance computing campuses, especially those located near major urban centers or within our immediate project pipeline.”
“Coinbase is excited about CleanSpark’s innovative approach to expanding its capital strategy, which we view as a positive step in fostering the growth of the crypto ecosystem through focused capital deployment,” commented Brett Tejpaul, Head of Coinbase Institutional. “Coinbase Prime provides institutions with a robust, secure, and regulated infrastructure, along with leading custody solutions, to support their digital asset strategies as they grow.”
“Using non-dilutive financing to achieve accretive growth is central to CleanSpark’s financial strategy. We’re thrilled to expand our strategic alliance with Coinbase as our business evolves. Our Digital Asset Management team will continue to focus on driving growth and efficiency,” said Gary A. Vecchiarelli, CleanSpark’s Chief Financial Officer and President. “Our ‘Infrastructure First’ strategy has consistently delivered results and will further increase shareholder value as we diversify into broader computing opportunities.”
About CleanSpark
CleanSpark (Nasdaq: CLSK), a prominent Bitcoin mining enterprise in America, has a demonstrated history of success. The company owns and operates a network of data centers across the United States, benefiting from globally competitive energy costs. By strategically combining Bitcoin, energy management, operational excellence, and sound capital allocation, CleanSpark maximizes its performance to deliver superior returns for its investors. Capitalizing on affordable, reliable electricity enables the company to thrive in a constantly evolving landscape. For more information, please visit www.cleanspark.com.
Forward-Looking Statements
This communication contains predictions and projections that constitute “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but aren’t limited to, statements concerning the company’s expectations, beliefs, plans, intentions, and strategic objectives. Such statements can often be identified by the use of terms like “anticipate,” “believe,” “expect,” “plan,” “intend,” “project,” “estimate,” “forecast,” “predict,” “potential,” “continue,” “should,” “could,” “may,” “will,” or similar expressions. These forward-looking statements involve various known and unknown risks, uncertainties, and other key factors. These factors may cause the company’s actual results, performance, or achievements to differ significantly from those expressed or implied. Risks include, but are not limited to: the success and performance of data center activities and the expansion into non-Bitcoin infrastructure; potential impacts of changes in leadership on relationships with stakeholders; the executive team’s capabilities in executing the company’s broader strategies; completion of construction projects; regulatory approvals; power availability; the success of digital asset management and derivatives trading; digital currency mining activities; Bitcoin price volatility; increasing Bitcoin mining difficulty; Bitcoin halving events; evolving governmental regulations; impacts of global trade policies; anticipated miner delivery dates; successful deployment of new mining equipment; dependence on utility rate structures and government incentives; reliance on third-party power providers; and other potential risks described in the company’s prior press releases and SEC filings, particularly within the “Risk Factors” sections. The forward-looking statements are made only as of the date of this communication, and the company disclaims any obligation to update or revise these statements due to new information, changed circumstances, or future events, unless required by law.
Investor Relations Contact
Harry Sudock
702-989-7693
[email protected]
Media Contact
CleanSpark
Malory Van Guilder
651.335.0585
[email protected]
Coinbase Contact
press@coinbase.com
SOURCE CleanSpark, Inc.