Cleanspark Sharing (CLSK) increases after getting $ 100m backed credit from Coinbase Prime from Coinbase Prime
Bitcoin Mining Company Cleanspark (CLSK) has earned a new $ 100 million credit facility with Coinbase Prime, giving it access to fresh capital without selling bitcoin handling or increasing equity.
The shares rose nearly 6% on post-market trading, after the announcement on Monday.
The mining company will use proceeds for strategic capital expenditure, including expansion of cleanspark energy portfolio, measuring bitcoin mining operations, and investing in high -performance computing (HPC) Abilities, the company said in a Press release.
Instead of selling Bitcoin to raise cash or sell additional firm shares – a step that can dissolve current shareholders – Cleanspark uses the asset as collateral to continue to grow while preventing what its mine is.
“Delivery of acclative development using non-dilutive financing is in the main approach of cleanspark capital,” said Gary A. Vecchiaralli, Cesspark’s CFO. “Our ‘Infrastructure First’ approach has been historically proven and will further enhance the shareholder value as we expand more different opportunities in compute.”
The new increase will come after Recent changes in leadership Has a miner who is just beyond bitcoin mining and diverting other opportunities for income. The focus on the HPC is not surprising, as more and more Bitcoin miners are pivoting on hosting machines that fit HPC and artificial computing intelligence, which requires massive amounts of energy, in their data centers.
Read more: GPU Gold Rush: Why Bitcoin miners activate AI’s expansion
