BankProv Stops Offering Loans Collateralized With Crypto Mining Machines
The crypto-friendly bank wrote off $47.9 million in loans last year, primarily mining rig-collateralized debt.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5PVVPRTZRNBE5IG6CTHHPWYNVE.jpg)
Sponsored
Jan 31, 2023 at 1:33 p.m. UTC
Jan 31, 2023
debt financing
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ZDJIRTGQLFDMXHDN4QR6RIDTTA.jpg)
Compass Point Analyst Defends Bitcoin Miner Iris Energy
Chase White says Iris should be able to renegotiate the terms of its debt or return its mining rigs to the lenders and buy new ones at a cheaper price.
Sponsored
Nov 3, 2022 at 3:09 p.m. UTC
Nov 3, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/VBW72WZGHVFVLL3VMPMCXDBEZI.jpg)
Bitcoin Miner Stronghold Digital Completes Debt Restructuring
The company over the past 10 weeks has returned 26,200 miners to NYDIG in exchange for the extinguishment of $67.4 million of debt.
Sponsored
Nov 1, 2022 at 9:16 p.m. UTC
Nov 1, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MHO747W3PRDJVO6J3LQHRKUIIE.jpg)
Recently Hacked Exchange Liquid Global Secures $120M Loan From FTX
Liquid Global lost $90 million in the cyberattack.
Sponsored
Aug 25, 2021 at 4:25 p.m. UTC
Aug 25, 2021
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/3UB4AHY2PJGTXHHI6Q5WYXQUCI.jpg)
Why Debt Financing May Be a Double-Edged Sword for Bitcoin Miner Bitfarms
BitFarms used high-interest-rate debt with large balloon payments to expand operations. Now it may struggle to pay off its debt, according to CoinDesk Research.
Sponsored
Jul 27, 2020 at 4:06 p.m. UTC
Jul 27, 2020