Key Notes

The miner eliminated all outstanding balances under facilities worth up to $300 million by November 2024.

CleanSpark raised $1.15 billion through convertible notes to retire debt and fund AI data center expansion.

Bitcoin hashprice near $35/PH/s/Day has squeezed mining margins to break-even levels for the company.

Bitcoin miner CleanSpark [NC] has repaid its credit facility with Coinbase , acting decisively amid falling Bitcoin BTC $89 696 24h volatility: 2.4% Market cap: $1.79 T Vol. 24h: $64.68 B prices and declining hashprice levels. The move signals a shift toward greater financial caution amid market volatility that is pressuring mining profitability.

CleanSpark disclosed in its annual report that it fully repaid the Bitcoin-backed revol

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