CleanSpark Lands $100M Bitcoin Loan for Mining Growth

- Credit facility supports mining growth and HPC development. - The company leverages Bitcoin reserves to align finances with digital asset strategies. On September 25, 2025, CleanSpark (Nasdaq: CLSK) announced a $100 million Bitcoin-backed credit facility from Two Prime. This new financing expands the company's growth arsenal, bringing its total collateralized lending capacity to $400 million and strengthening its operational and strategic initiatives. CleanSpark will use the funds to expand its Bitcoin mining hashrate and advance its high-performance computing (HPC) investments. In a September 25 announcement, CEO and Chairman Matt Schultz stated that the financing allows CleanSpark to optimize power capacity and speed up the development of its high-performance compute campuses. In addition, CFO and President Gary A. Vecchiarelli highlighted that the company strategically used its treasury of approximately 13,000 Bitcoin to secure this non-dilutive, growth-focused financing. This credit strategy reflects the company’s commitment to expansion while safeguarding shareholder equity. By leveraging Bitcoin-backed lending, CleanSpark aligns its capital strategy with its vision for sustainable growth in the digital asset space. According to CoinMarketCap on September 25, Bitcoin (BTC) traded at $111,642.88 as of 16:09 UTC, while its 24-hour trading volume had decreased by 1.52%.