Bitcoin Magazine CleanSpark Stock Jumps After Securing $100M Bitcoin-Backed Credit Line from Coinbase

CleanSpark Inc. shares ticked higher Monday, extending last week’s bullish momentum after the company announced an expanded Bitcoin-backed credit facility with Coinbase Prime.

The Las Vegas–based mining firm closed regular trading at $13.74 but jumped more than 8% in after-hours, reaching $14.86 following news of the deal. The stock is currently up 6% after hours, trading near $14.60.

CleanSpark tapped an extra $100 million in credit, backed by its Bitcoin reserves. Instead of selling coins on the market, the company is leaning on its Bitcoin holdings as collateral. This is basically a strategy that turns mined Bitcoin into a working asset.

For shareholders, it means growth can be fund

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