CleanSpark announced plans to sell a portion of mined Bitcoin each month as part of its strategy to achieve financial self-sufficiency. The move comes alongside a $200 million credit facility secured through Coinbase Prime, allowing the Bitcoin miner to enhance its operational cash flow and Bitcoin treasury. CEO Zach Bradford emphasized that this strategy would help differentiate CleanSpark from competitors who are still reliant on equity dilution or increased leverage for funding operational costs. The Bitcoin mining industry has faced challenges recently, with stocks in significant decline due to market volatility following the April 2024 halving—a process that reduces mining rewards. CleanSpark aims to navigate these challenges by leveraging its new institutional trading desk and focusing on self-funding operations.

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