CleanSpark just cracked the code on having its cake and eating it too, securing another $100 million in fresh capital while keeping every one of its satoshi locked safely. The Bitcoin mining company struck another deal with Coinbase Prime and has secured a $100M financing deal by using a portion of its 13,000 total Bitcoin holdings as collateral. Soon after the deal, Clean Spark’s shares soared nearly 6% in after-hours trading on Monday, signalling strong investor approval.
The credit facility represents a masterclass in corporate finance strategy, as it enables the company to fund aggressive expansion plans while maintaining full exposure to Bitcoin’s potential upside. To date, CleanSpark has snagged roughly $300 million worth of BTC-backed financing from Coinbase Prime as part of its strategic partnership with the company.
CleanSpark’s CEO, Zach Bradford, emphasized the company’s focus on maximizing its Bitcoin holdings to drive investor value and fuel growth. “We’re sitting on roughly 13,000 Bitcoin, and we’re putting that asset to work for our shareholders and operations,” he said.
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The company plans to deploy the capital across three strategic fronts: expanding its energy portfolio, scaling Bitcoin mining operations, and investing heavily in high-performance computing capabilities. The multi-pronged approach reflects the company’s evolution beyond traditional cryptocurrency mining toward a more diversified technology infrastructure business model.
“Delivering accretive growth using non-dilutive financing is at the core of CleanSpark’s capital strategy,” declared CFO Gary Vecchiarelli. The company’s “Infrastructure First” strategy has proven historically successful and positions CleanSpark to capture emerging opportunities in artificial intelligence and high-performance computing markets that demand massive energy resources.
The recent $100M financing round from Coinbase Prime builds on CleanSpark’s record-breaking Q3 2025, with revenues reaching $378.9 million. The company also mined 657 Bitcoin in August 2025, a 37.5% increase from August 2024, underscoring its operational strength.
