CleanSpark Inc (NASDAQ:CLSK) Executive Chairman Matthew Shultz tells Proactive said it has finalized $35 million in non-dilutive financing from Trinity Capital Inc, a provider of venture debt financing. The company said the three-year equipment financing agreement is backed by 3,336 new S19j Pro miners and carries an annual interest rate of 9.9%. CleanSpark said it intends to use the proceeds from the facility for growth capital expenditures. Currently, the company has a fleet of over 23,000 latest-generation bitcoin mining machines in operation, with approximately 12,000 machines pending delivery and deployment in batches through October 2022. What's more, it has announced that it is now a partner of Sustainable Bitcoin Standard (SBS), an organization that incentivizes clean bitcoin mining.
CleanSpark finalizes $35 million in financing, partners with Sustainable Bitcoin Standard
