CleanSpark will sell a portion of the Bitcoin mined each month to achieve financial self-sufficiency. The $200 million credit facility from Coinbase Prime, secured against Bitcoin, supports this effort and helps expand their Bitcoin treasury.
The Bitcoin mining industry faces significant declines in stock prices, pressured by reduced capital costs. CleanSpark’s proactive strategy aims to navigate these market conditions while differentiating from competitors reliant on equity dilution.
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