This financing brings CleanSpark’s total collateralized lending facilities to $400 million, providing additional non-dilutive capital to accelerate data center growth. Proceeds are expected to support Bitcoin mining hashrate deployment, invest in high-performance computing (HPC) capabilities, and fund the Company’s evolving Digital Asset Management strategies.
“We are excited to add $100 million in non-dilutive financing with Two Prime to our mature capital stack,” said Matt Schultz, CleanSpark’s Chief Executive Officer and Chairman. “We have a range of exciting opportunities to maximize current megawatts in our portfolio, accelerate potential development of high-performance compute campuses, and further invest in our Digital Asset Management strategies. This financing supports CleanSpark’s continued evolution across all business segments.”
“We are thrilled to support CleanSpark with this credit facility,” said Alexander Blume, Chief Executive Officer of Two Prime. “At Two Prime, we take pride in being a trusted partner to leading institutional bitcoin firms, delivering fair pricing and reliable capital as the industry matures. Our commitment is to empower clients like CleanSpark with the resources they need to grow, and we look forward to building on this strong relationship well into the future.”
“I am proud that we have so effectively utilized our treasury balance of nearly 13,000 bitcoin to finance growth through responsibly sized leverage with excellent partners like Two Prime, at a market-leading cost of capital,” said Gary A. Vecchiarelli, CleanSpark’s Chief Financial Officer and President. “With strong cash flow and accretive opportunities ahead, we are positioned to rapidly pay down debt, and our $400 million total capacity remains largely undrawn.”
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