CleanSpark, Inc. secures a new $100 million Bitcoin-backed credit facility with Two Prime, boosting total lending capacity to $400 million. The funds will fuel data center expansion, HPC initiatives, and Bitcoin treasury optimization. CleanSpark currently holds over 12,000 BTC, acquired since January 2025, when they had 10,000 BTC.

CleanSpark’s CFO, Gary A. Vecchiarelli, praises the partnership with Two Prime, emphasizing the responsible use of nearly 13,000 bitcoin to spur growth through leverage. This marks the company’s second significant Bitcoin-backed funding this week, following a $100 million line of credit with Coinbase Prime. The trend reflects miners’ interest in utilizing digital assets for financing and preserving shareholder value.

Two Prime CEO, Alexander Blume, applauds CleanSpark’s move, highlighting the growing confidence in using Bitcoin as collateral for institutional lending. Other major miners, like Riot Platforms, are also exploring similar credit options, showcasing Bitcoin’s evolving role in corporate finance. Despite the news, CleanSpark’s stock saw a muted response in equity markets, trading at $13.68 as of Sept. 25.

Investor optimism boosts CleanSpark’s stock, climbing over 52% in the past month. The company’s market cap hovers around $3.9 billion, reflecting confidence in CleanSpark’s expansion plans. Trading volume surged past 36 million shares, indicating strong interest in the company’s financial moves and strategic partnerships.

Read more at Yahoo Finance: Bitcoin Miner CleanSpark Announces $100M Bitcoin-Backed Credit Facility with Two Prime