Bitcoin Mining Company CleansPark (CLSK) He has assured a new credit line of $ 100 million with Coinbase Prime, giving access to fresh capital without selling his Bitcoin holdings or increasing capital.
The shares increased almost 6% in the negotiation after the market, after Monday’s announcement.
The mining company will use income for strategic capital expenses, including the expansion of the CleanSTark energy portfolio, expand its mining Bitcoin and investing in high performance computing operations (HPC) Capabilities, said the company in a press release.
Instead of selling Bitcoin to raise cash or sell additional actions of the company, a movement that can dilute current shareholders, Clipestark is using the asset as a guarantee to continue growing while clinging to what mines.
“The delivery of a credit growth using non -filutive financing is the core of the Cleanspark capital strategy,” said Gary A. Vecchiarelli, CFO of Cleanspark. “Our ‘First Infrastructure’ strategy has been historically demonstrated and will even more improve the value of shareholders as we expand to more diversified computing opportunities.”
The new increase occurs after recent leadership changes insinuated in the miner that goes beyond bitcoin mining and diversifies other income opportunities. The HPC approach is not surprising, since more and more Bitcoin miners are turning in accommodation machines that serve HPC and the computing of artificial intelligence, which requires a large amount of energy, in their data centers.
Read more: GPU Gold Rush: Why Bitcoin miners are promoting the expansion of AI
