CleanSpark Expands Capital Strategy with Additional | Crypto News

Proceeds to assist strategic vitality and compute growth

Non-dilutive capital might be deployed into accretive property throughout CleanSpark’s portfolio 

LAS VEGAS, Sept. 22, 2025 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), America’s Bitcoin Miner® (the “Company”), as we speak introduced that it has expanded its capital strategy by rising its Bitcoin-backed credit facility with Coinbase Prime (Nasdaq: COIN) by $100 million.

The $100 million in financing might be deployed into strategic capital expenditures, together with increasing CleanSpark’s vitality portfolio, scaling its Bitcoin mining operations, and investing in high-performance computing (HPC) capabilities.

“We are proud to expand our relationship with Coinbase Prime as we continue to add megawatts to our portfolio and take steps toward alternative use cases for some of our data centers,” mentioned Matt Schultz, CleanSpark’s Chief Executive Officer and Chairman. “We see tremendous opportunity to accelerate mining growth while simultaneously optimizing our assets, particularly those near major metro centers and in our immediate pipeline, through the potential development of high-performance compute campuses.”

“We see CleanSpark’s innovative approach to expanding its capital strategy as a significant step forward for growing the crypto ecosystem through focused capital deployment,” mentioned Brett Tejpaul, Head of Coinbase Institutional. “Our Coinbase Prime offering delivers robust, secure, and regulated infrastructure alongside industry leading custody management, supporting institutions as they scale their digital asset strategies.”

“Delivering accretive growth using non-dilutive financing is at the core of CleanSpark’s capital strategy. We are excited to expand our strategic relationship with Coinbase as our business continues to evolve, and our Digital Asset Management team will continue to drive growth and efficiency,” mentioned Gary A. Vecchiarelli, CleanSpark’s Chief Financial Officer and President. “Our ‘Infrastructure First’ strategy has been proven historically and will further enhance shareholder value as we expand into more diversified compute opportunities.”

About CleanSpark
CleanSpark (Nasdaq: CLSK), America’s Bitcoin Miner®, is a market-leading Bitcoin miner with a confirmed monitor report of success. We own and operate a portfolio of knowledge facilities throughout the United States powered by globally aggressive vitality costs. Sitting on the intersection of Bitcoin, vitality, operational excellence and capital stewardship, we optimize our operations to ship superior returns to our shareholders. Optimally monetizing low-cost, high reliability electrical energy positions us to prosper in an ever-changing world. Visit our web site at www.cleanspark.com.

Forward-Looking Statements
This press release accommodates forward-looking statements within the which means of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements embrace, however might not be restricted to, statements relating to the Company’s expectations, beliefs, plans, intentions, and methods. In some instances, you’ll be able to determine forward-looking statements by phrases akin to “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the damaging of these phrases or different related expressions. The forward-looking statements are subject to a selection of identified and unknown dangers, uncertainties and different important elements that will trigger our precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements, together with, however not restricted to: the success and efficiency of the Company’s non-bitcoin knowledge heart actions and growth into non-bitcoin infrastructure; the impression of the CEO transition on relationships with distributors, regulators, workers and traders and the flexibility of the manager group to execute on the Company’s methods, specifically its pursuit of alternatives past bitcoin mining; completion of construction, regulatory approvals, and electrical energy availability to attain anticipated growth; the success and efficiency of the Company’s digital asset management and derivatives trading actions, which had been solely just lately commenced; the success of the Company’s  digital currency mining actions; the volatility within the price of Bitcoin and the risky and unpredictable cycles within the rising and evolving industries wherein the Company operates; rising problem charges for bitcoin mining; bitcoin halving; new or further governmental regulation;  the impacts of evolving world and U.S. commerce insurance policies and tariff regimes, together with that there’s uncertainty as as to if the Company will face materially elevated tariff legal responsibility in respect of miners bought since 2024 and sooner or later; the anticipated import and supply dates of new miners; the flexibility to efficiently import and deploy new miners and different mining gear; dependency on utility price buildings and authorities incentive packages; dependency on third-party energy suppliers for growth efforts; the risk that expectations of future income growth might not be realized; and different dangers described within the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC), together with beneath the heading “Risk Factors” in these filings. Forward-looking statements contained herein are made solely as to the date of this press release, and we assume no obligation to replace or revise any forward-looking statements as a consequence of any new data, modified circumstances or future occasions or in any other case, besides as required by relevant law.  

Investor Relations Contact
Harry Sudock
702-989-7693
ir@cleanspark.com 

Media Contact
CleanSpark
Malory Van Guilder
651.335.0585
malory@skyya.com

Coinbase Contact
press@coinbase.com

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SOURCE CleanSpark, Inc.

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