Bitcoin Miner Cleanspark (CLSK) is moving away from its TAS strategy of 100% of the BTC it mines.
The company based in Henderson, Nevada, said that it would come back to sell part of Bitcoin on Tuesday to support its operations in an advertisement.
“While we remain attached to Bitcoin as a long -term hardened actor, we believe that a more effective means of increasing the value of shareholders is done by a balanced approach between the monetization of the new production and the construction of long -term holdings,” said CEO Zach Bradford.
Cleanspark’s assets now exceed 12,000 BTC, worth more than a billion dollars at current prices.
The company has also increased its credit facility with Coinbase Prime (Coin) to 200 million dollars, continuing a strategy to finance its operations without having to sell equity. Cleanspark, which has 40.2 exams per second (eh / s) mining power, seeks to extend it to 50 eh / s.
“As part of this balanced approach, we intend to further develop our diverse capital stack. In the market environment today, we consider debt markets as the most efficient and most responsible path to support accredited growth, and our solid assessment positions us to fully benefit from this opportunity,” added Bradford.
CLSK shares increased by a little more than 1% before offering their gains at the start of negotiation on Tuesday, upgrading the wider mining sector of the BTC, as measured by the Bitcoin Miners Etf (WGMI) coinshares, which fell more than.
