Bitcoin mining company CleanSpark (CLSK) has secured a new $100 million credit facility with Coinbase Prime, giving it access to fresh capital without selling its bitcoin holdings or raising equity.

The shares rose nearly 6% in post-market trading, after the announcement on Monday.

The mining company will use the proceeds for strategic capital expenditures, including expanding CleanSpark’s energy portfolio, scaling its bitcoin mining operations, and investing in high-performance computing (HPC) capabilities, the company said in a press release.

Rather than selling bitcoin to raise cash or selling additional shares of the firm—a move that can dilute the current shareholders—CleanSpark is using the asset as collateral to keep growing while holding on to what it mines.

"Delivering accretive growth using non-dilutive financing is at the core of CleanSpark's capital strategy," said Gary A. Vecchiarelli, CleanSpark's CFO. "Our 'Infrastructure First' strategy has been proven historically and will further enhance shareholder value as we expand into more diversified compute opportunities."

The new raise comes after recent leadership changes hinted at the miner going beyond just mining bitcoin and diversifying into other revenue opportunities. The focus on HPC isn't surprising, as more and more bitcoin miners are pivoting into hosting machines that cater to HPC and artificial intelligence computing, which requires a tremendous amount of energy, in their data centers.

Read more: GPU Gold Rush: Why Bitcoin Miners Are Powering AI’s Expansion

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