CleanSpark Could Scale Bitcoin Mining and High-Performance Computing With $100M Coinbase Prime Financing

• CleanSpark financing: $100M from Coinbase Prime backed by BTC collateral

• Capital will fund Bitcoin mining capacity, HPC growth and energy portfolio optimization.

• Q3 revenue hit $198.6M; August mining output rose to 657 BTC (up 37.5% year-over-year).

CleanSpark financing: $100M Coinbase Prime loan secured with BTC collateral — read how the company will deploy capital to scale mining, HPC and energy assets. Learn more.

What is the CleanSpark $100M financing from Coinbase Prime?

CleanSpark financing is a $100 million credit facility provided by Coinbase Prime that uses a portion of CleanSpark’s Bitcoin holdings as collateral. The funds will be deployed to expand Bitcoin mining capacity, high-performance computing (HPC) projects and the company’s energy portfolio while preserving core BTC reserves.

How will CleanSpark use the $100M to scale operations?

CleanSpark plans to allocate this capital across three core areas: increasing Bitcoin mining throughput, accelerating HPC deployments, and optimizing its energy contracts and infrastructure. Company leadership says assets will be reviewed comprehensively to maximize value for shareholders while keeping a defined portion of BTC off-limits to lending.

CleanSpark reported a company-record quarter with $198.6 million in revenue and mined 657 BTC in August, a 37.5% increase versus August 2024. The new financing is an incremental step after approximately $300 million in BTC-backed lines secured previously from Coinbase Prime.

Why is CleanSpark using BTC-backed loans?

BTC-backed financing lets CleanSpark monetize idle Bitcoin holdings to fund growth without selling reserves. This preserves upside exposure to Bitcoin price appreciation while providing low-cost capital to expand mining hash rate, deploy HPC clusters and scale energy projects.

What did company executives say about portfolio strategy?

Harry Sudock, CleanSpark Chief Business Officer, emphasized versatility: “We’re not thinking about it in terms of a ratio across the portfolio. We aim to maximize the value of every asset.” He added that some power contracts better suit HPC than mining, and having both capabilities creates additional power portfolio opportunities.

Key financial and operational facts

• Financing: $100M incremental credit from Coinbase Prime secured with portion of ~13,000 BTC holdings.
• Previous financing: ~ $300M total BTC-backed financing from Coinbase Prime to date.
• Q3 revenue: $198.6M (company record).
• August mining: 657 BTC mined (+37.5% YoY vs Aug 2024).
• Market reaction: Shares closed Sept. 22 at $13.74 and traded up ~5% to $14.44 after-hours.

Frequently Asked Questions

How much of CleanSpark’s Bitcoin is being used as collateral?

CleanSpark says it is using a defined portion of its roughly 13,000 BTC holdings as collateral, not the entire reserve, to secure the $100 million financing and preserve upside exposure.

Is CleanSpark selling Bitcoin to raise capital?

No. The company is accessing BTC-backed credit lines to generate liquidity while retaining ownership of most Bitcoin holdings, which avoids immediate sales and maintains potential future gains.

HowTo: How CleanSpark will deploy the $100M (step-by-step)

1. Review all power contracts, land plots and energy relationships for optimization.
2. Prioritize projects that maximize asset value across mining and HPC use-cases.
3. Allocate capital to increase mining hash rate where contracts and grid access align.
4. Invest in HPC infrastructure where power profiles and economics favor compute workloads.
5. Monitor results and conserve a portion of BTC holdings to retain balance-sheet optionality.

Key Takeaways

• Strategic financing: CleanSpark’s $100M BTC-backed loan accelerates growth without selling core Bitcoin.
• Dual focus: Company will expand both Bitcoin mining and HPC, optimizing energy assets for multiple use cases.
• Operational momentum: Record Q3 revenue and a 37.5% YoY increase in August BTC mined reinforce the expansion strategy.

Conclusion

CleanSpark’s new $100 million financing from Coinbase Prime reinforces a capital-efficient growth strategy that leverages BTC-backed lending to expand Bitcoin mining, high-performance computing and energy portfolios. With record quarterly revenue and rising BTC output, management is prioritizing asset versatility to maximize shareholder value and operational scale.

Published: 2025-09-23 · Updated: 2025-09-23 · Author: COINOTAG