Tag: creditline

DeFi Dev's $5B Credit Line: Solana's New Best Friend?

DeFi Dev's $5B Credit Line: Solana's New Best Friend?

Despite the challenges, the Solana ecosystem finds itself on the edge of a potentially transformative moment. The adoption of real-world assets. DeFi Dev’s recent announcement of a $5 billion credit line has created quite a stir on how it will change the game. This strategic pivot has the potential to...

CleanSpark Secures $200M Bitcoin-Backed Credit Line, Shifts to Self-Funding Model

CleanSpark Secures $200M Bitcoin-Backed Credit Line, Shifts to Self-Funding Model

CleanSpark, Inc. is America’s Bitcoin miner. In November 2022, they further broadened this financial strategy by announcing the completion of a $200 million revolving credit facility secured with Coinbase Prime. This announcement represents an important milestone on the company’s path to self funding and further expansion. CleanSpark plans to utilize...