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Loan
Coinbase to Stop Issuing New Loans Via Coinbase Borrow
May 10 is the final day customers will be allowed to take out new loans through the program.
MicroStrategy Pays Off Silvergate Loan, Buys More Bitcoin
The company borrowed $205 million from Silvergate Bank last March.
Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate
The miner reduced its debt by $50 million and freed up about $75 million worth of bitcoin that was held as collateral.
MicroStrategy Says It Doesn’t Have Any Assets Custodied With Silvergate
The company did receive a $205 million loan from Silvergate in March 2022, but MicroStrategy said the loan terms wouldn’t change in case of insolvency.
DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank
The rejection follows less than a year after Maker approved a similarly structured loan to Huntingdon Valley Bank.
MicroStrategy Has Raised $46.6M Through Share Sales Since September
The company also suggested further sale proceeds may be used to pay down debt.
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.
Crypto Infrastructure Firm Blockstream Raises $125M for Bitcoin Mining
The company will use the funds to expand its bitcoin mining facilities amid strong demand for hosting.
Bitcoin Miner Bitfarms Warns of Default
Bitcoin miner Bitfarms (BITF) might have already or may in the future stop making installment payments on a $20 million loan from bankrupt crypto lender BlockFi, effectively defaulting on the loan, according to a press release. As a result, Bitfarms is looking to modify the loan. "The Hash" panel breaks down the details of the loan.
Argo Blockchain Secures $20M Bitcoin-Backed Loan to Expand Texas Data Center
The loan agreement is for a six-month term and will be used to expand Argo’s West Texas data center.
