The Bitcoin mining company Cleanspark has gained a second $ 100 million credit lines this week without releasing new shares, emphasizing the growing role of digital ownership as collateral in mainstream finance.
The latest facility, disclosed on Thursday, was arranged along with two principals, an institutional bitcoin (Btc) harvest the platform, and is fully -backed by the Bitcoin Treasury of Cleanspark. In this agreement, the total collateralized cleanspark lending capacity is now $ 400 million.
The non-dilutive nature of financing is particularly noticeable. Public companies often increase growth capital through equity offerings, which can dissolve existing shareholders’ stakes. By using nearly 13,000 BTC handling as collateral instead, Cleanspark gets access to liquidity while maintaining the value of the shareholder.
This deal follows Another $ 100 million credit facility It was announced earlier on Sunday with Coinbase Prime, which is also secure against Bitcoin reserves. A company representative in Cointelegraph made it clear that the two principals and Prime Prime facilities were separately organized, both contributing to the expansion of the company’s financial capacity.
The funding provides cleanspark with extra flexibility to quickly deploy capital while avoiding excessive action. The company plans to use credit to expand data centers, increase bitcoin hashrate capacity and measure it High Performance Computing Infrastructure.
Cleanspark does not unite in the Bitcoin reserves for financing. Riot platform, holding more than 19,300 BTC, That -secure a $ 100 million credit facility From Coinbase Prime earlier this year-the first loan supported by the company’s Bitcoin.
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The growth of financing supported by bitcoin
Increasing the value of bitcoin and the wealth it created for both companies and individual Buy real estate without selling their BTCAn approach that also helps to avoid the income of capital income taxes.
For Bitcoin miners, this trend has changed the management of the ark. Instead of immediately selling their mined BTC to cover operating costs, Many miners hold Bitcoin on their balance sheets. As a result, collateralized lending has become a attractive -attractive choice.
Such financing offers miners a non-dilutive way to raise capital while maintaining exposure to the potential reversal of Bitcoin. For miners with BTC’s great wealth, borrowing against their holdings can be cheaper than traditional debt financing.
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