Bitcoin Miner Cleanspark (CLSK) is moving away from its strategy to monopolize 100% of BTC IT mines.
The Henderson -based company, Nevada, said it is selling a part of the bitcoin extracted to support its operations in an ad on Tuesday.
“While we are still committed to Bitcoin as a long -term hardened asset, we believe that a more effective way to increase the value of shareholders is through a balanced approach between monetizing a new production and building long -term holdings,” said CEO Zach Bradford.
Cleanspark holdings now exceed 12,000 BTC, with a value of just over $ 1 billion at current prices.
The company has also increased its credit line with Coinbase Prime (COIN) to $ 200 million, following a strategy of financing its operations without having to sell capital. Cleanspark, which has 40.2 exahash per second (eh/s) of mining power, is looking to expand it at 50 eh/s.
“As part of this balanced approach, we intend to build our diversified capital battery even more. In the current market environment, we see debt markets such as the most efficient and responsible route to support acrective growth, and our strong balance positions us to make the most of that opportunity,” Bradford added.
CLSK’s actions increased just over 1% before reducing their profits in the first operations on Tuesday, surpassing the broader BTC mining sector, measured by the ETF of the Bitcoin miners of Coinshares (WGMI), which fell more than.
