CleanSpark Adopts Bold Self-Funding Strategy, Begins Selling Mined Bitcoin Monthly
$200M Coinbase Credit Line Backs Transition as CleanSpark Aims for Long-Term Sustainability
April 15, 2025 — New York, NY: In a strategic shift aimed at financial independence, U.S.-based Bitcoin mining firm CleanSpark announced plans to sell a portion of its mined Bitcoin each month. The move comes as the company seeks to become self-sustaining in a volatile crypto market and distance itself from reliance on debt or shareholder dilution.
The company has also secured a $200 million credit facility backed by Bitcoin through a partnership with Coinbase Prime, further bolstering its liquidity and operational stability.
“We’ve achieved escape velocity — the ability to self-fund operations, augment our Bitcoin treasury, and contribute to expansion capital through operational cash flow,” said Zach Bradford, CEO of CleanSpark.
From HODLing to Selling: A Strategic Pivot
Since mid-2023, CleanSpark had adhered to a near 100% Bitcoin hold strategy, accumulating mined coins without liquidating. However, amid market pressures and industry headwinds, the company is adjusting its approach.
“This is the right time to evolve,” Bradford said, pointing to falling mining stock valuations and mounting capital costs.
To facilitate this new direction, CleanSpark has launched an institutional Bitcoin trading desk, allowing for smoother execution of crypto sales while maintaining its commitment to operational transparency.
Crypto Mining Stocks Struggle in 2025
The pivot comes as Bitcoin miners across the board face mounting pressure. The CoinShares Crypto Miners ETF (WGMI) — which tracks a diversified portfolio of mining stocks — has dropped over 40% in 2025, according to Morningstar data.
Analysts from JP Morgan link the decline to falling crypto prices and the aftermath of Bitcoin’s April 2024 halving, which cut mining rewards in half. The reduced profitability of mining has intensified competition and forced firms to rethink their financial strategies.
🇺🇸 Trade Tensions and Tariffs: A Growing Threat
Adding to the turbulence, U.S. President Donald Trump’s announcement of sweeping import tariffs has unnerved mining operators who rely on foreign-manufactured mining hardware.
Bitcoin miners in the U.S. are particularly vulnerable, with hardware costs likely to spike if tariffs go into effect. This has pushed companies like Bitdeer to consider building mining equipment domestically in a bid to sidestep trade barriers.
Why CleanSpark’s Self-Funding Move Matters
Bradford emphasized that CleanSpark’s shift toward financial independence sets it apart from industry peers:
“Many miners continue to rely on equity dilution or high-risk leverage to fund operations. We’re taking a different path — one grounded in sustainability.”
This marks a potentially game-changing evolution in the crypto mining industry, where volatile markets and external shocks often wreak havoc on firms heavily reliant on speculative funding or favorable token prices.
Key Takeaways
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CleanSpark will begin selling mined Bitcoin monthly to support operations
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The firm secured a $200 million Bitcoin-backed credit line from Coinbase Prime
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The move signals a departure from CleanSpark’s previous HODL-only strategy
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Mining stocks have plummeted 40% in 2025, driven by falling crypto prices and the April 2024 halving
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Trade tariffs announced by President Trump could raise hardware costs for U.S.-based miners
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CleanSpark’s pivot aims to reduce reliance on external funding and leverage
