As per BitcoinWorld, Nasdaq-listed Bitcoin miner CleanSpark has secured a $100 million credit line from Coinbase Prime, using its own Bitcoin holdings as collateral. The financing allows CleanSpark to access capital for operational needs and expansion without diluting shareholder equity or selling its Bitcoin. The deal reflects a growing trend in the crypto industry, where companies leverage digital assets for non-dilutive financing. The credit line provides operational flexibility for initiatives such as purchasing mining equipment and covering expenses. However, the arrangement carries risks due to Bitcoin’s price volatility, which could trigger margin calls if the collateral value drops. The move signals increasing institutional confidence in Bitcoin and offers a new financial model for miners to scale operations without selling mined assets.
CleanSpark Secures $100M Credit Line from Coinbase Prime Using Bitcoin as Collateral
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