American company CleanSpark, which specializes in Bitcoin mining, has announced a significant expansion of its credit line secured by its own cryptocurrency portfolio. In collaboration with Coinbase Prime, the company will receive an additional $100 million to fund strategic development initiatives.
This is reported by Finway
Investments in Scaling Mining Capacity and Infrastructure
The funds raised through the new credit line will be directed by CleanSpark towards enhancing energy infrastructure, increasing mining capacity, and expanding its high-performance computing (HPC) initiatives. This strategy will allow the company to optimize the use of data centers, particularly in large urban areas.
“We are proud to expand our partnership with Coinbase Prime as we continue to add megawatts to our portfolio and take steps towards alternative uses for our data centers. We see tremendous opportunities to accelerate mining growth and optimize assets, especially near major metropolitan areas, through the development of HPC campuses,” said Matt Schultz, CEO and Chairman of the Board of CleanSpark.
CleanSpark Among the Leaders in Bitcoin Holdings Worldwide
CleanSpark currently holds 12,703 BTC, making it the third largest in this metric among miners, following MARA (Marathon Digital) and Riot Platforms, and the tenth among all Bitcoin-holding companies globally. In just the past year, CleanSpark has demonstrated rapid growth in reserves: at the beginning of 2025, the company had 10,097 BTC, which is a 236% increase compared to the previous year. By February, the balance had risen to 11,177 BTC, and the operational hash rate reached 40.7 EH/s.
CleanSpark’s management emphasizes that the “Infrastructure First” strategy remains a core development direction, allowing for increased value for shareholders and an expansion of computational capabilities. Coinbase Prime also notes the innovative approach of its partner in capital management and the development of the crypto industry.
It is worth mentioning that the largest public holder of Bitcoin in the world is Strategy (formerly MicroStrategy), which owns 639,835 BTC.