Introducing Lending Pool For Bitcoin Miners From Maple Finance And Icebreaker

A $300 million capacity pool has been formed by Maple Finance, a significant DeFi lender, for Bitcoin mining firms.

Introducing Lending Pool For Bitcoin Miners From Maple Finance And Icebreaker

The development occurs despite the dramatic drop in the price of BTC and the decreased cash infusion into the mining industry.

Maple Opens Up Fully-Collateralized $300 Million Bitcoin Lending Pool

According to an announcement on Tuesday (September 20, 2022), the new fund targets “public and private blue-chip bitcoin mining and digital asset infrastructure companies” based in North America and Australia.

The pool provides underlying loans with terms of 12 to 18 months and interest rates of 15 to 20%. Through Maple’s platform, Australian financial services company Icebreaker Finance will oversee and handle the loans. Borrowers will receive funding depending on their financial performance, operational effectiveness, and balance sheet soundness.

Additionally, loans will be backed by either digital assets or physical assets like power transformers and mining machines.

Glyn Jones, founder and CEO of Icebreaker Finance, commented on the most recent development.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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