CleanSpark produced 633 bitcoin in April and secured a $200 million credit line from Coinbase, as the company nears its goal of reaching 50 EH/s and expands its operations in Tennessee and Wyoming.

Strong revenue growth contrasts with net loss as CleanSpark stays committed to scaling bitcoin mining operations and targets 50 EH/s hashrate by June.

CleanSpark, long branding itself as a pure-play bitcoin miner, is signaling a shift in strategy by broadening its financing capacity to include investments in HPC.