Proceeds to help strategic vitality and compute progress
Non-dilutive capital will likely be deployed into accretive property throughout CleanSpark’s portfolio
LAS VEGAS, Sept. 22, 2025 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), America’s Bitcoin Miner® (the “Firm”), right this moment introduced that it has expanded its capital technique by growing its Bitcoin-backed credit score facility with Coinbase Prime (Nasdaq: COIN) by $100 million.
The $100 million in financing will likely 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’re proud to broaden our relationship with Coinbase Prime as we proceed so as to add megawatts to our portfolio and take steps towards different use circumstances for a few of our information facilities,” stated Matt Schultz, CleanSpark’s Chief Government Officer and Chairman. “We see great alternative to speed up mining progress whereas concurrently optimizing our property, significantly these close to main metro facilities and in our quick pipeline, by way of the potential growth of high-performance compute campuses.”
“We see CleanSpark’s modern method to increasing its capital technique as a big step ahead for rising the crypto ecosystem by way of centered capital deployment,” stated Brett Tejpaul, Head of Coinbase Institutional. “Our Coinbase Prime providing delivers sturdy, safe, and controlled infrastructure alongside business main custody administration, supporting establishments as they scale their digital asset methods.”
“Delivering accretive progress utilizing non-dilutive financing is on the core of CleanSpark’s capital technique. We’re excited to broaden our strategic relationship with Coinbase as our enterprise continues to evolve, and our Digital Asset Administration group will proceed to drive progress and effectivity,” stated Gary A. Vecchiarelli, CleanSpark’s Chief Monetary Officer and President. “Our ‘Infrastructure First’ technique has been confirmed traditionally and can additional improve shareholder worth as we broaden into extra diversified compute alternatives.”
About CleanSpark
CleanSpark (Nasdaq: CLSK), America’s Bitcoin Miner®, is a market-leading Bitcoin miner with a confirmed monitor document of success. We personal and function a portfolio of knowledge facilities throughout the US 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, excessive reliability electrical energy positions us to prosper in an ever-changing world. Go to our web site at www.cleanspark.com.
Ahead-Trying Statements
This press launch accommodates forward-looking statements inside the that means of the Non-public Securities Litigation Reform Act of 1995. On this press launch, forward-looking statements embody, however is probably not restricted to, statements concerning the Firm’s expectations, beliefs, plans, intentions, and methods. In some circumstances, you possibly can establish forward-looking statements by phrases corresponding to “might,” “will,” “ought to,” “expects,” “plans,” “anticipates,” “might,” “intends,” “targets,” “initiatives,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “proceed” or the unfavorable of those phrases or different comparable expressions. The forward-looking statements are topic to a wide range of identified and unknown dangers, uncertainties and different essential components that will trigger our precise outcomes, efficiency or achievements to be materially totally 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 Firm’s non-bitcoin information heart actions and enlargement into non-bitcoin infrastructure; the influence of the CEO transition on relationships with distributors, regulators, staff and traders and the power of the manager group to execute on the Firm’s methods, particularly its pursuit of alternatives past bitcoin mining; completion of building, regulatory approvals, and electrical energy availability to attain anticipated progress; the success and efficiency of the Firm’s digital asset administration and derivatives buying and selling actions, which had been solely just lately commenced; the success of the Firm’s digital foreign money mining actions; the volatility within the value of Bitcoin and the risky and unpredictable cycles within the rising and evolving industries wherein the Firm operates; growing issue charges for bitcoin mining; bitcoin halving; new or further governmental regulation; the impacts of evolving international and U.S. commerce insurance policies and tariff regimes, together with that there’s uncertainty as as to if the Firm 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 recent miners; the power to efficiently import and deploy new miners and different mining gear; dependency on utility fee constructions and authorities incentive packages; dependency on third-party energy suppliers for enlargement efforts; the chance that expectations of future income progress is probably not realized; and different dangers described within the Firm’s prior press releases and in its filings with the Securities and Change Fee (SEC), together with beneath the heading “Danger Components” in these filings. Ahead-looking statements contained herein are made solely as to the date of this press launch, and we assume no obligation to replace or revise any forward-looking statements because of any new info, modified circumstances or future occasions or in any other case, besides as required by relevant legislation.
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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