CleanSpark Shifts Strategy, Monetizes BTC to Boost Shareholder Value

CleanSpark, a leading bitcoin miner, announced that it will transition from holding 100% of its mined bitcoin to selling a portion to finance its operations. The change is part of a broader effort to enhance shareholder value by balancing monetization of new production with long-term holdings. The company, which now holds over 12,000 BTC worth more than $1 billion at current prices, also increased its credit facility with Coinbase Prime to $200 million. Additionally, CleanSpark plans to expand its mining power from 40.2 EH/s to 50 EH/s. CEO Zach Bradford emphasized that while the company remains committed to bitcoin as a long-term asset, this balanced strategy—favoring the efficient use of debt over equity dilution—positions the firm to better navigate today’s market environment. The news comes as CleanSpark shares initially rose slightly before paring gains, outperforming the broader bitcoin mining sector.