CleanSpark (CLSK) has expanded its Bitcoin-backed credit line with Coinbase Prime by $100M, using non-dilutive financing to scale its Bitcoin mining, grow its energy infrastructure, and explore high-performance computing (HPC) opportunities.

The move reflects CleanSpark’s “Infrastructure First” strategy — focusing on long-term, asset-driven growth without issuing new shares. Coinbase sees it as a step toward institutional adoption of crypto infrastructure.

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