TechFlow, Sept 25 — According to PRNewswire, U.S. Bitcoin mining company CleanSpark (Nasdaq: CLSK) has secured a $100 million Bitcoin-backed credit facility from Two Prime. This financing brings CleanSpark's total committed collateralized loan capacity to $400 million, providing the company with additional non-dilutive capital to accelerate data center growth.
Proceeds are expected to support Bitcoin mining hash rate deployment, investment in high-performance computing (HPC) capabilities, and fund the company’s evolving digital asset management strategy. Matt Schultz, CEO and Chairman of CleanSpark, said the funding supports ongoing expansion across all business segments.
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