CLEANSPARK, INC. (CLSK): debt financing — CleanSpark expands Coinbase credit facility to $200M, will sell portion of monthly Bitcoin production to fund operations

CLEANSPARK, INC.

Amended Master Loan Agreement with Coinbase Credit increases borrowing capacity to $200M, secured by Bitcoin.
Company to sell portion of monthly Bitcoin production to cover opex and loan repayment, shifting from nearly 100% hold strategy.
Bitcoin treasury exceeds 12,000 BTC (~$1B at $84,500/BTC); targeting 50 EH/s.
Facility is non-dilutive; Company views debt markets as efficient path for accretive growth.
Coinbase Prime provides institutional lending and custody services for the facility.

item 1.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CLEANSPARK, INC. amended credit facility of $200 million with Coinbase Credit, Inc..

Instrument: credit facility
Principal: $200 million
Counterparty: Coinbase Credit, Inc.
Event: amendment

Exact text from the filing

(the “Company”) entered into an amended Master Loan Agreement (the “Agreement”) with Coinbase Credit, Inc. (the “Lender”) and Coinbase, Inc., as the lending service provider (together, the “Parties”), the original of which was executed on August 7, 2024.

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10 debt financings filed in the last 30 days. Browse all debt financings →

CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-25-054800

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