cleanspark

Recently, CleanSpark—one of the largest corporate actors in the Bitcoin mining space—has made waves by doing just that. They are tactically moving toward a trajectory that leads them to be self-funding. This decision includes selling 30-40% of its monthly Bitcoin production to fund operational costs. It’s a departure from their...

CleanSpark’s new “self-funding” model is a brilliant move. Or does it expose a desperation in a mining sector increasingly shaped by volatility and geopolitical headwinds? As with pretty much anything Bitcoin-related, the answer is a bit more complicated. As a result, miners are rushing to pivot, allowing it to serve...

CleanSpark’s move to a self-funding model, selling the Bitcoin they mined each month to pay expenses, seems simple in concept. On the surface, it’s framed as getting to “escape velocity” – victory dance worthy jump up and down money where you finally make it open up. But is it really...

One US-based Bitcoin miner that aims to get there is CleanSpark. Their intention to do this is by selling 50% of their monthly Bitcoin revenues. This decision is underpinned by recently established credit facility of up to $200 million through Memorandum of Understanding with Coinbase Prime. The credit facility is...