CleanSpark plans to sell mined Bitcoin on a monthly basis and has obtained a $200 million credit line from Coinbase Prime

According to Cointelegraph, US Bitcoin mining company CleanSpark has announced that in order to achieve financial self-sufficiency, the company will begin selling a portion of the Bitcoin earned from its mining operations on a monthly basis. In addition, according to a statement, CleanSpark has obtained a $200 million credit line supported by Bitcoin through an agreement with Coinbase Prime, the institutional brokerage arm of cryptocurrency exchange Coinbase. CleanSpark CEO Zach Bradford stated that the combination of Bitcoin sales and credit lines means that CleanSpark has "achieved escape velocity - the ability to conduct business with its own funds, increase Bitcoin reserves, and contribute to expansion capital through operating cash flow. The company added that CleanSpark has established an institutional Bitcoin trading platform to promote the sale of cryptocurrencies.