{"id":127236,"date":"2025-04-15T21:17:11","date_gmt":"2025-04-15T21:17:11","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127236"},"modified":"2025-04-15T21:17:11","modified_gmt":"2025-04-15T21:17:11","slug":"cleanspark-to-start-selling-bitcoin-in-self-funding-pivot","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127236","title":{"rendered":"CleanSpark to start selling Bitcoin in &#039;self-funding&#039; pivot"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCleanSpark will start selling a portion of the Bitcoin earned from its mining operations each month in a bid to become financially self-sufficient, the US Bitcoin miner said on April 15.\u00a0<br \/>\nIn addition, CleanSpark secured a $200 million credit facility backed by Bitcoin (BTC) through an agreement with Coinbase Prime, the institutional brokerage division of the crypto exchange, according to a statement.<br \/>\nTogether, the Bitcoin sales and credit line mean CleanSpark has \u201cachieved escape velocity \u2014 the ability to self-fund operations, augment our bitcoin treasury, and contribute to expansion capital through operational cash flow,\u201d Zach Bradford, CEO of CleanSpark, said.\u00a0<br \/>\nCleanSpark has opened an institutional Bitcoin trading desk to facilitate the cryptocurrency sales, it added.\u00a0<br \/>\nCrypto mining stocks are down sharply in 2025. Source: MorningstarRelated: Bitdeer turns to self-mining Bitcoin, US operations amid tariff tumult \u2014 Report<br \/>\nNavigating market volatility<br \/>\nThe Bitcoin miner\u2019s emphasis on self-funding comes as mining stocks reel from across-the-board selloffs in the first quarter of 2025.\u00a0<br \/>\nShares of CoinShares Crypto Miners ETF (WGMI) \u2014 a publicly traded fund tracking a diverse basket of Bitcoin mining stocks \u2014 are down more than 40% since the start of the year, according to data from Morningstar.\u00a0<br \/>\n\u201c[W]e believe this is the right time to evolve from a nearly 100% hold strategy adopted in mid-2023 and move back using a portion of our monthly production to support operations,\u201d Bradford said.\u00a0<br \/>\nCheaper stock prices effectively increase Bitcoin miners\u2019 cost of capital and can potentially cause creditors to demand faster loan repayments.\u00a0<br \/>\nAnalysts at JP Morgan attributed the downturn to eroding cryptocurrency prices, which added pressure to business models already strained by the Bitcoin network\u2019s April 2024 halving.\u00a0<br \/>\nHalvings occur roughly every four years when the Bitcoin network automatically cuts mining rewards in half.\u00a0<br \/>\nPrice per Bitcoin versus network hashrate. Source: JPMorganIn April, pressure on mining stocks worsened when US President Donald Trump announced plans for sweeping tariffs on US imports.<br \/>\nUS Bitcoin miners are especially vulnerable to trade wars because they rely on specialized mining hardware, often sourced from foreign manufacturers.\u00a0\u00a0<br \/>\nBradford said he expects CleanSpark\u2019s financial self-sufficiency to differentiate it from peers \u201cwho continue to rely on equity dilution to fund operating costs or increased leverage to grow their Bitcoin reserves.\u201d<br \/>\nOther miners are taking similarly aggressive measures to adapt to the changing market.<br \/>\nBitdeer, a Singapore-based crypto miner, has reportedly touted plans to start manufacturing mining hardware in the United States to mitigate the impact of Trump\u2019s planned import tariffs.<br \/>\nMagazine:\u00a0Illegal arcade disguised as \u2026 a fake Bitcoin mine? Soldier scams in China: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/clean-spark-start-selling-bitcoin-self-funding-pivot?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCleanSpark will start selling a portion of the Bitcoin earned from its mining operations each month in a bid to become financially self-sufficient, the US Bitcoin miner said&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127236"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127236"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127236\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127236"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}