CleanSpark Secures $100M Bitcoin-Backed Credit Facility from Two Prime, Expanding Total Borrowing Capacity to $400M

Bitcoin mining firm CleanSpark has announced the successful arrangement of a second major credit facility this week, securing a $100 million financing line backed by its Bitcoin holdings. The agreement with digital asset investment firm Two Prime marks a significant capital markets move, bringing the company’s total available borrowing capacity to $400 million. This strategic financing is earmarked to accelerate CleanSpark’s ambitious infrastructure growth strategy, specifically targeting the expansion of its data center operations and a substantial increase in its global Bitcoin hashrate. The structure of the credit facility allows the company to access capital for growth initiatives without resorting to equity financing, thereby avoiding shareholder dilution. This approach underscores a growing trend among well-capitalized mining enterprises to leverage their balance sheet assets to fund expansion while preserving equity value. The announcement follows another recent credit line secured by the company, highlighting an aggressive and well-funded growth trajectory. Industry analysts view this repeated access to substantial, non-dilutive capital as a strong indicator of CleanSpark’s operational stability and the perceived value of its underlying Bitcoin assets by institutional lenders. The fresh capital is expected to be deployed swiftly to capitalize on favorable market conditions for expanding mining capacity and securing a larger market share in the competitive Bitcoin mining landscape.