Cleanspark Secures $100M Bitcoin-Backed Credit Line in Landmark Coinbase Deal

Bitcoin miners just rewrote the corporate financing playbook.

Cleanspark's groundbreaking $100 million credit facility with Coinbase uses Bitcoin as collateral—bypassing traditional lenders entirely. The deal signals a seismic shift in how crypto-native companies access capital.

Why This Changes Everything

Forget bank loans with endless paperwork. Cleanspark now taps liquidity directly against its Bitcoin holdings. The move demonstrates Bitcoin's maturation from speculative asset to legitimate collateral—though Wall Street bankers will likely dismiss it as 'unproven' while secretly updating their pitch decks.

The $100 million facility gives Cleanspark immediate firepower to scale operations without diluting shareholder value. It's corporate finance meets DeFi—with Coinbase acting as the intermediary between traditional capital markets and crypto's borderless economy.

Mining's New Financial Playbook

Public miners now have a blueprint: leverage Bitcoin treasury holdings to fund expansion during market upturns. The Coinbase deal creates a template other miners will replicate—assuming they can convince lenders their Bitcoin stacks aren't just gambling proceeds.

As one industry insider quipped: 'Banks want collateral they can repossess. Good luck foreclosing on a seed phrase.'

This isn't just financing—it's financial infrastructure being built in real-time. The $100 million credit line proves Bitcoin's utility extends far beyond price speculation. Even if traditional finance still views crypto collateral as somewhere between reckless and absurd.