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 Mining Power Play

CleanSpark's shares surged after revealing a nine-figure credit line backed entirely by Bitcoin holdings. The $100 million facility from Coinbase Prime represents a watershed moment for cryptocurrency integration into traditional corporate finance.

Breaking the Bank Barrier

Instead of begging traditional lenders for capital, the mining operation leveraged its Bitcoin treasury to secure institutional-grade financing. The move demonstrates how crypto-native companies are building financial infrastructure that bypasses legacy banking systems entirely.

Corporate Treasury 2.0

This isn't just another loan—it's a blueprint for how blockchain-savvy companies will fund expansion. While traditional CFOs still debate Bitcoin accounting rules, forward-thinking firms are already using digital assets to unlock working capital.

The timing couldn't be better—or worse for banks watching their lending monopoly erode. Because nothing says 'financial innovation' like making old-school lenders obsolete with their own game.