According to Foresight News, Nasdaq-listed mining company CleanSpark announced that it has received a $200 million credit support from Coinbase Prime. Additionally, its digital asset management team has officially launched its institutional-level Bitcoin fund management platform. After conducting a request for proposal (RFP) and due diligence across four product lines (lending, custody, and derivatives), the team has completed the selection of partners to support the company's risk management and Bitcoin fund optimization strategy. The company will begin selling a portion of its monthly Bitcoin production to cover operating expenses.
CleanSpark CEO Zach Bradford stated that the company currently holds over 12,000 Bitcoins, valued at approximately $1 billion.
