CleanSpark, Inc. (NASDAQ: CLSK) announced on 25 September 2025 that it has opened a new $100 million Bitcoin‑backed credit facility with Two Prime. The facility brings the company’s total collateralized lending capacity to $400 million, providing additional non‑dilutive capital to accelerate data‑center growth and support its high‑performance computing (HPC) initiatives.
The financing is intended to fund the deployment of new mining hashrate, invest in HPC capabilities, and support the evolution of CleanSpark’s Digital Asset Management strategies. CEO Matt Schultz said the company is “excited to add $100 million in non‑dilutive financing” and highlighted the opportunity to maximize current megawatts and expand HPC campuses.
Two Prime’s partnership offers clean, non‑hypothecated loans backed by CleanSpark’s nearly 13,000 BTC treasury, allowing the miner to grow without equity dilution or selling digital assets. The move strengthens CleanSpark’s capital stack and positions it to capture additional mining and HPC opportunities in the coming months.
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