CleanSpark Secures $200M Credit Facility as Bitcoin Production Surges
CleanSpark, a leading crypto mining company, has secured a significant $200 million revolving credit facility with an unnamed financial institution. This comes as the company's mining operations continue to expand, with a total fleet of 204,770 units and a production rate of 633 bitcoin in April 2025.
CleanSpark's mining fleet operates at an average efficiency of 16.98 J/Th, producing an average of 21.1 BTC per day. In April 2025, the company sold 401.39 BTC at an average price of approximately $90,084 per coin. By the end of the month, CleanSpark's total bitcoin holdings stood at 12,101 BTC, with 1,894.4 BTC designated as collateral.
The company's CEO, Zach Bradford, has announced that CleanSpark's ongoing construction projects in Tennessee and Wyoming are nearing completion. This expansion is supported by the company's existing power capacity of 915 megawatts across its wholly owned sites. As of April 2025, CleanSpark's operating hashrate was 42.4 EH/s, with an average hashrate of 40.1 EH/s.
CleanSpark's recent financial agreement and operational growth demonstrate the company's strength in the cryptocurrency mining industry. With its expanding mining fleet and power capacity, CleanSpark is well-positioned to continue its bitcoin production and contribute to the growing demand for cryptocurrency.
