A Look into Bitcoin Miner Creditworthiness Evaluation
Quick Take
- Since the second half of 2021, the bitcoin mining industry has witnessed an increasing number of traditional financial institutions jumping into the miner lending business.
- 11 major public mining firms had outstanding loan payables of $776 million as of March 31 and drew an additional $235 million in the subsequent months.
- As the interest among traditional lenders grows, we take a look at some of the most fundamental metrics for evaluating a miner’s creditworthiness.
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Author: Wolfie Zhao
