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Bookmarking Crypto InsightsMon, 27 Jun 2022 14:00:41 +0000en-US
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3232Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales
https://www.digit.info/report-4b-in-bitcoin-mining-loans-are-in-distress-jpmorgan-analyst-says-price-pressure-stems-from-miner-sales/
Mon, 27 Jun 2022 14:00:41 +0000https://www.digit.info/2022/06/27/report-4b-in-bitcoin-mining-loans-are-in-distress-jpmorgan-analyst-says-price-pressure-stems-from-miner-sales/Read more]]>Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that roughly $4 billion in loans backed by crypto mining rigs are […]
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that roughly $4 billion in loans backed by crypto mining rigs are […]