Bitcoin Price Prediction: As CleanSpark Gets $100M BTC-Backed Loan From Coinbase, Arthur Hayes Reiterates $250K Target
The Bitcoin price has climbed 1% in the last 24 hours to trade at $113,437.94 as of 1 a.m. EST on a 45% increase in daily trading volume to almost $59 billion. This jump in the BTC price comes after Bitcoin mining firm CleanSpark secured $100 million in financing with Coinbase Prime, using part of its 13,000 BTC holdings as collateral. The company plans to use the funds to expand Bitcoin mining, HPC, and energy operations. With $300M in BTC-backed financing to date, CleanSpark recently posted record Q3 revenue of $198.6M and mined 657 BTC in August, a 37.5% increase from last year. The firm says versatility across mining and computing will drive future growth. CleanSpark $CLSK and $COIN sign $100 million deal. 👀 pic.twitter.com/HNXgx4WWhz — Cole Grinde (@GrindeOptions) September 22, 2025 Meanwhile, BitMEX co-founder Arthur Hayes reaffirmed his $250,000 Bitcoin price target, arguing that institutional adoption, ETF momentum, and central bank policies will fuel B...