June 9, 2022, 11:40AM EDT
• 9 min read

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.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here