CleanSpark expands Coinbase credit facility by $100M to $300M total capacity

CLEANSPARK, INC.

Side letter dated Sept 18, 2025 raises aggregate lending capacity to $300M (up $100M) from Coinbase Prime.
Non-dilutive Bitcoin-backed facility; proceeds earmarked for energy portfolio, mining scaling, and HPC investments.
Facility under Master Loan Agreement (Aug 7, 2024, amended Apr 14, 2025) with Coinbase Credit and Coinbase Inc.
CEO Matt Schultz cites opportunity to accelerate mining growth and develop high-performance compute campuses.
CFO Gary Vecchiarelli states 'Infrastructure First' strategy and non-dilutive financing enhance shareholder value.

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