CleanSpark Stock Soars After Securing $100M Bitcoin-Backed Credit Facility From Coinbase Prime

Bitcoin just became corporate America's newest collateral asset—and Wall Street is taking notice.

The Crypto-Backed Liquidity Play

CleanSpark's shares surged after revealing a nine-figure credit line backed entirely by Bitcoin holdings. The mining company tapped Coinbase Prime's institutional lending arm to unlock capital without selling its digital assets—a move that signals maturity in crypto financing structures.

Traditional finance veterans might scoff at using 'internet money' as collateral, but the market response speaks louder than skeptical tweets. While legacy banks debate blockchain integration, crypto-native institutions are already building the infrastructure for digital asset leverage.

This isn't just about one mining company's balance sheet—it's a proof concept for Bitcoin's evolution from speculative asset to legitimate financial instrument. The nine-zero credit facility demonstrates institutional confidence in crypto's staying power, even if traditional finance still treats digital assets like a rebellious teenager.