A look at Bitcoin mining’s private loan marketplace

March 31, 2022, 11:56AM EDT

• 9 min read

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Quick Take

  • 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.

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