Key Takeaways
- CleanSpark has secured a $100 million credit score line from Coinbase Prime, leveraging its Bitcoin belongings as collateral.
- The brand new credit score facility gives non-dilutive financing, permitting CleanSpark to boost capital with out issuing new shares.
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CleanSpark, a US-based sustainable Bitcoin mining firm, secured a $100 million credit score facility from Coinbase Prime, an institutional-grade platform for superior buying and selling and custody companies.
The credit score association permits the mining firm to leverage its Bitcoin holdings as collateral for non-dilutive financing, reflecting a broader development amongst crypto firms accessing capital with out issuing new shares.
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