CleanSpark secures a $100 million Bitcoin collateral credit line to accelerate data center expansion.

On September 25, U.S. Bitcoin mining company CleanSpark announced that it has secured a $100 million Bitcoin collateral credit line from Two Prime. This funding brings the company's total collateral loan amount to $400 million.

To be honest, it's enviable that they can easily borrow such a large sum of money. While we ordinary investors struggle to borrow a few million yen from banks, they are raising funds on a completely different scale.

This funding is expected to be allocated to the deployment of Bitcoin Mining capabilities, investment in high-performance computing capabilities, and digital asset management strategies. Matt Schultz, the CEO of CleanSpark, stated, "This loan will support continuous development across all business areas." Well, if you can raise this much funding using Bitcoin as collateral, you can do anything.

There is no doubt that the movements of such major companies will influence the entire market. Especially when looking at the current Bitcoin market, their expansion strategies are very interesting. However, with the intensification of competition in the Mining industry, it is necessary to observe how effective such funding will be.

Personally, I am a little worried that the expansion of such companies may promote centralization in the market. The principle of Bitcoin should be decentralization, but if some large companies monopolize mining power, it would be counterproductive, right?

#BTC

Disclaimer: Includes views from third parties. Not financial advice. May contain sponsored content.