American mining company CleanSpark is expanding its credit line by securing $100 million in funding from Coinbase Prime against Bitcoin collateral. This decision aims to support the strategic development of energy infrastructure, expand mining capacities, and implement high-performance computing (HPC).
This is reported by Business • Media
Strategic Partnership with Coinbase Prime
CleanSpark is utilizing the funds to scale its data centers, particularly in regions close to major metropolitan areas. The company aims not only to increase its energy potential but also to diversify its operations by developing HPC campuses. As of September 2025, the company’s Bitcoin portfolio consists of 12,703 BTC.
“We are proud to expand our partnership with Coinbase Prime as we continue to add megawatts to our portfolio and take steps toward alternative uses for our data centers. We see tremendous opportunities to accelerate mining growth and optimize assets, especially near large metropolitan areas, through the development of HPC campuses,” said Matt Schultz, CEO and Chairman of the Board of CleanSpark.
Coinbase Prime emphasized that CleanSpark’s decision is an important step for the development of the cryptocurrency ecosystem through effective capital allocation. CFO and President Gary A. Vecchiarelli noted that the “Infrastructure First” strategy will continue to deliver value growth for shareholders, particularly with the expansion into computing capabilities.
CleanSpark Strengthens Its Position in the Global Market
CleanSpark is demonstrating dynamic growth: as early as January 2025, the company increased its Bitcoin reserves to 10,097 BTC, which is 236% higher compared to the same period last year. In February, the balance rose to 11,177 BTC, and the operational hash rate reached 40.7 EH/s.
According to Bitcoin Treasuries, CleanSpark currently ranks tenth among all companies holding Bitcoin worldwide and third among mining enterprises, trailing only MARA (Marathon Digital) and Riot Platforms. CleanSpark currently holds 12,703 BTC.
Meanwhile, the largest public holder of Bitcoin in the world remains Strategy (formerly MicroStrategy), which has accumulated 639,835 BTC in its portfolio.