CleanSpark Ditches Bitcoin ‘HODL’ Strategy to Stop Dilution Via Equity Raise

Bitcoin miner CleanSpark (CLSK) is moving away from its strategy of HODLing 100% of the BTC it mines.

The Henderson, Nevada-based company said it is returning to selling a portion of the bitcoin mined to support its operations in an announcement on Tuesday.

“While we remain committed to bitcoin as a long-term, hardened asset, we believe a more effective way to increase shareholder value is through a balanced approach between monetizing new production and building long-term holdings,” CEO Zach Bradford said.

CleanSpark’s holdings now exceed 12,000 BTC, worth just over $1 billion at current prices.

The company has also increased its credit facility with Coinbase Prime (COIN) to $200 million, pursuing a strategy of funding its operations without having to sell equity. CleanSpark, which has 40.2 exahash per second (EH/s) mining power, is looking to expand it to 50 EH/s.

“As part of this balanced approach, we intend to further build out our diversified capital stack. In today’s market environment, we view the debt markets as the most efficient and responsible path to support accretive growth, and our strong balance sheet positions us to take full advantage of that opportunity,” Bradford added.

CLSK shares rose just over 1% before paring their gains in early trading on Tuesday, outperforming the broader BTC mining sector, as measured by the CoinShares Bitcoin Miners ETF (WGMI), which fell more than.

İlginizi Çekebilir:Crypto Winter Appears to Have Arrived With Bitcoin, Top 50 Tokens Falling Into Bear Market Territory: Coinbase Institutional
share Paylaş facebook pinterest whatsapp x print

Benzer İçerikler

Strategy Didn’t Add Bitcoin Last Week, Expects to Book $6B Loss on Holdings in Q1
LIBRA Apparent Rug Pull Is Latest ‘Sordid Episode’ Emerging From Solana’s Memecoin Complex: Galaxy
Circle and Near Invest $14M in Remittances App for Indian Diaspora
Trump Memecoin Signals Start of a New Crypto Regulatory Era: Bernstein
WazirX Offers 85% of Stolen User Funds as Rebalancing Ends
Trump’s Strategic Crypto Reserve is a Positive, Market Has Got it Wrong, Bitwise Says
İvedik Oto Tamir | © 2025 |
404 Not Found

404

Not Found

The resource requested could not be found on this server!


Proudly powered by LiteSpeed Web Server

Please be advised that LiteSpeed Technologies Inc. is not a web hosting company and, as such, has no control over content found on this site.