US mining company CleanSpark has raised $35M in debt financing to secure 3,336 new Antminer S19j Pro devices. The 3-year equipment loan with an annual interest rate of 9.9% has been provided by Trinity Capital.
The company CFO Gary Vecchiarelli has said that CleanSpark currently has the most affordable debt capital available.
The company is also considering selling a portion of its holdings bitcoins. CleanSpark used this approach when it purchased 4,500 Antminer S19 last year.
In December 2020, the Nasdaq-listed company acquired US mining firm ATL Data Centers for $19.4 million. The deal immediately catapulted CleanSpark into one of the largest public companies in the industry.
According to the statement share by the company, the firm’s fleet includes 20,000 devices. In addition, approximately 12,000 more units of equipment are expected to be delivered in the future.
