CleanSpark increases credit facility with Coinbase to $200M

CleanSpark (CLSK) has expanded its capital strategy to include an increase in its credit facility with Coinbase (COIN) to $200M. Additionally, the company’s Digital Asset Management team has officially launched its institutional grade Bitcoin treasury desk. The team completed partner selections after running a competitive RFP and due diligence process across four product lines – borrowing, lending, custody, and derivatives – to support the company’s risk management and Bitcoin treasury optimization strategy. This is part of the company’s shift to self-funded operations. Proceeds from the credit facility are to support accretive growth on non-dilutive terms. The company will begin selling a portion of monthly Bitcoin production to cover operations.