Bitcoin Mining Company Cleanspark (CLSK) obtained a new credit facility of $ 100 million from Coinbase Prime, giving it access to new capital without selling its Bitcoin holdings or increasing equity.
Actions increased by almost 6% in post-commerce trade after the announcement on Monday.
The mining company will use the product of strategic capital expenses, in particular in expansion of the Cleanspark energy portfolio, to the scale of its Bitcoin extraction operations and to investment in high performance IT (HPC) Capacities, the company said in a press release.
Rather than selling Bitcoin to collect funds or sell additional actions of the company – a move that can dilute current shareholders – Cleanspark uses the assets as a guarantee to continue to grow while retaining what it mine.
“The provision of accretive growth using non -dilutive funding is at the heart of Cleanspark’s capital strategy,” said Gary A. Vecchiarelli, CFO of Cleanspark. “Our strategy” infrastructure in the first infrastructure “has been historically proven and will further improve the value of shareholders as we extend to more diverse calculation opportunities.”
The new increase occurs after recent leadership changes have suggested that the minor going beyond the exploitation of bitcoin and the diversification of other income opportunities. The emphasis on the HPC is not surprising, because more and more bitcoin minors rotate in accommodation machines that are aimed at HPC and IT of artificial intelligence, which requires a huge amount of energy, in their data centers.
Read more: GPU Gold Rush: Why Bitcoin miners feed the expansion of AI
