CleanSpark announced on April 15 that it will begin selling a portion of the Bitcoins it earns from mining each month to achieve financial self-sufficiency.
The US Bitcoin miner also secured a $200 million Bitcoin-backed credit facility through an agreement with Coinbase Prime.
This combination of Bitcoin sales and the line of credit allows CleanSpark to "achieve escape velocity," enabling it to self-fund operations, bolster its Bitcoin treasury and support expansion through operating cash flow, according to CEO Zach Bradford.
In addition, CleanSpark has set up an institutional Bitcoin trading desk to manage these sales.