A look at Bitcoin mining’s private loan marketplace
Quick Take
- Amid the crypto market slump, raising capital from the public markets becomes tougher than before for Bitcoin mining companies.
- Yet they still face the pressure for cash as they undergo infrastructure expansion and are due for the monthly equipment installments.
- We identified 38 private loans over the past two years from more than 10 institutional lenders to a dozen mining companies.
- More than half of the loan facilities were issued after October and they offer a look into how this marketplace has evolved.
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Author: Wolfie Zhao
