Struggling Bitcoin Miners are Flocking to Maple Finance’s $300M Lending Pool

Struggling Bitcoin Miners are Flocking to Maple Finance’s $300M Lending Pool

With crypto asset prices down, which saw bitcoin falling more than 50% this year, capital from usual sources have completely dried up. Given the capital intensive business model of the crypto mining business, miners are looking for alternatives, and private credit seems to be offering new and creative ways to help firms that are under stress, said Powell.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.


*