TL;DR
- Financing milestone: CleanSpark secured a $100M Bitcoin-backed credit line from Coinbase Prime to expand mining and energy operations.
- Growing reserves: The company now holds 12,703 BTC, up from 10,097 BTC earlier in 2025, alongside a 40.7 EH/s hashrate.
- Future outlook: Leadership highlights sustainable growth, with funds directed toward energy expansion, HPC, and shareholder value.
CleanSpark has secured a $100 million Bitcoin-backed credit line from Coinbase Prime, marking a pivotal step in its strategy to expand mining operations and energy infrastructure. The financing underscores the company’s commitment to sustainable growth and positions it as one of the most significant corporate holders of Bitcoin globally.
— CleanSpark Inc. (@CleanSpark_Inc) September 22, 2025
Strategic Partnership with Coinbase Prime
The agreement with Coinbase Prime provides CleanSpark with a flexible capital facility designed to accelerate its “Infrastructure First” strategy. By leveraging Bitcoin reserves as collateral, the company gains access to liquidity without liquidating assets. Coinbase Prime praised the move as a milestone in capital allocation within the crypto ecosystem, highlighting CleanSpark’s innovative approach to financing. This partnership strengthens both firms’ roles in shaping the future of institutional crypto services.
Expanding Energy and Mining Capabilities
CleanSpark intends to deploy the funds into expanding its energy portfolio, scaling mining operations, and investing in high-performance computing. The company’s focus on sustainable energy solutions aligns with its broader mission of efficiency and resilience. By adding megawatts to its portfolio, CleanSpark aims to enhance operational capacity while reinforcing its reputation as a leader in environmentally conscious Bitcoin mining. The credit line provides the flexibility to pursue accretive assets that can deliver long-term shareholder value.
Rising Bitcoin Reserves and Hashrate
As of September 2025, CleanSpark holds 12,703 BTC, placing it among the largest corporate holders worldwide. This represents a sharp increase from early 2025, when reserves stood at 10,097 BTC. Incremental growth continued in February with an additional 624 BTC, bringing the total to 11,177 BTC and supporting a hashrate of 40.7 EH/s. These figures illustrate the company’s rapid accumulation strategy and its ability to scale operations in tandem with reserve growth.
Leadership Perspectives and Future Outlook
CleanSpark’s Chief Executive Matt Schultz emphasized the importance of expanding the partnership with Coinbase Prime, noting the company’s exploration of alternative uses for its data centers. Brett Tejpaul, Head of Coinbase Institutional, described the deal as a significant milestone for the broader crypto ecosystem. Looking ahead, CleanSpark is positioned to leverage the $100 million facility to strengthen its mining operations, energy infrastructure, and high-performance computing initiatives, reinforcing its leadership in the Bitcoin mining sector.
