Source: Cointelegraph Original: "{title}"
U.S. Bitcoin (BTC) miner CleanSpark announced on April 15 that to achieve financial self-sufficiency, the company will begin selling a portion of its mined Bitcoin on a monthly basis.
According to the statement, CleanSpark has also secured a $200 million credit line backed by Bitcoin through an agreement with Coinbase Prime, the institutional brokerage arm of Coinbase.
CleanSpark CEO Zach Bradford stated that the combination of Bitcoin sales and the credit line means CleanSpark has "achieved escape velocity," operating on self-raised funds, increasing its Bitcoin reserves, and funding expansion through operational cash flow.
CleanSpark added that the company has established an institutional-grade Bitcoin trading desk to facilitate cryptocurrency sales.
Cryptocurrency mining stocks saw a significant decline in 2025. Source: Morningstar
As cryptocurrency mining stocks fell across the board in the first quarter of 2025, this Bitcoin mining company emphasized self-sufficient operations.
According to Morningstar, since the beginning of the year, the price of the CoinShares Crypto Miners ETF (WGMI), which tracks diversified Bitcoin mining stocks, has dropped by over 40%.
Bradford stated, "We believe this is the right time to shift from the nearly 100% holding strategy adopted in mid-2023 and use a portion of our monthly output to support operations."
Lower stock prices have effectively increased the capital costs for Bitcoin miners and may lead creditors to demand accelerated loan repayments.
JPMorgan analysts attributed this decline to falling cryptocurrency prices, which have put additional pressure on business models already strained by the Bitcoin network halving in April 2024.
Halvings occur approximately every four years, automatically reducing mining rewards on the Bitcoin network.
The price of each Bitcoin is related to network hash rate. Source: JPMorgan
In April, when U.S. President Donald Trump announced plans for comprehensive tariffs on U.S. imports, the pressure on mining stocks intensified.
U.S. Bitcoin miners are particularly vulnerable to trade wars as they rely on specialized mining hardware, which is often sourced from foreign manufacturers.
Bradford expressed that he expects CleanSpark's financial self-sufficiency to distinguish it from "those who continue to rely on equity dilution to cover operating costs or increase leverage to boost Bitcoin reserves."
Other miners are also taking similar proactive measures to adapt to the changing market.
Reports indicate that Singapore-based crypto miner Bitdeer plans to start manufacturing mining hardware in the U.S. to mitigate the impact of the import tariffs outlined in Trump's plan.
Related: Will Bitcoin's RSI reaching a three-month high offset BTC's "seasonal" bearish trend?
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