Bitcoin’s Dirty Little Secret🤫: CleanSpark Bails!

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What to know, if you ain’t got nothin’ better to do:

  • CleanSpark, them Bitcoin miners, are backin’ off their promise to hoard every last digital coin they dig up. Seems even promises ain’t worth much these days 🙄.
  • CEO Zach Bradford, he says a “balanced approach” is the ticket. Fancy words for sellin’ out, ain’t it?
  • They done sweet-talked Coinbase into givin’ ’em a bigger line of credit. $200 million, can you believe it?💰

CleanSpark (CLSK), out there in the digital gold rush, is changin’ their tune. They ain’t holdin’ on to every Bitcoin like it’s the last drop of water in the desert no more.

Them Henderson, Nevada boys, they’re goin’ back to sellin’ off some of that Bitcoin to keep the lights on. Seems like diggin’ up digital money ain’t free after all. Who knew? 🤷

Bradford, he’s got a way with words, “While we remain committed to bitcoin as a long-term, hardened asset…” Sounds like somethin’ a preacher would say before passin’ the collection plate, don’t it?

CleanSpark’s sittin’ on over 12,000 Bitcoins. That’s a whole heap of digital dough, over a billion of those greenbacks, at today’s prices. Enough to make a fella drool, almost.

They wrangled a bigger loan from Coinbase, tryin’ to fund their operation without sellin’ off their own shares. Seems like they’re learnin’ a thing or two about keepin’ the bankers happy. They’re lookin’ to expand, too, those fellas, reachin’ for even more diggin’ power. ⛏️

“Debt markets are the most efficient…” Bradford keeps on talkin’. You know, when folks start usin’ words like “efficient” and “responsible,” you best check your wallet. Just sayin’.

Them CLSK shares, they perked up a bit, but nothin’ to write home about. Still, they managed to outrun the rest of them Bitcoin miners. Maybe there’s still some gold in them thar hills, or maybe it’s just fool’s gold. Only time will tell. ⏳

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2025-04-15 17:11