June 9, 2022, 11:40AM EDT
• 9 min read
A Look into Bitcoin Miner Creditworthiness Evaluation
- 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.