March 31, 2022, 11:56AM EDT
• 9 min read
A look at Bitcoin mining’s private loan marketplace
- 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.