CleanSpark mined 633 bitcoins in April 2025, raised a $200 million loan facility from Coinbase and is expanding capacity in Tennessee and Wyoming.
US-based mining company CleanSpark mined 633 #bitcoins in April 2025 and raised a $200 million credit facility from Coinbase Prime, secured by crypto assets. The average #hashrate was 40.1 EH/s and reached 42.4 EH/s by the end of the month, bringing the company closer to its goal of 50 EH/s by mid-2025.
To fund operations, CleanSpark sold 401.39 BTC at an average price of $90k, maintaining a reserve of 12,101 BTC, highlighting its sustainable financial strategy in the post-halving environment.
CleanSpark is aggressively expanding its infrastructure as it continues to build immersion cooling facilities in Tennessee and Wyoming. The contracted 915 MW of capacity provides a foundation for growth, allowing the company to scale operations in regions with available #power.
The shift from a full bitcoin retention policy to partial sales demonstrates flexibility, helping to fund expansion without issuing new equity, which differentiates CleanSpark from competitors such as #Riot Platforms.
In the face of increasing network #difficulty and potential tariffs on imported #equipment mentioned by CEO Zach Bradford, CleanSpark remains competitive due to its low cost of capital and high energy efficiency (16.98 J/Th).
Achieving “escape velocity” - the ability to self-finance - solidifies its position as an industry leader. Investors are watching the completion of infrastructure projects and CLSK's stock performance, expecting the rising bitcoin price to strengthen the company's financial strength.
