Debt


Finance

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.

(Eliza Gkritsi/CoinDesk)

Markets

Crypto Observers Maintain Risk-On Bias as US Debt Ceiling Nears

Observers said the "extraordinary measures" the U.S. Treasury Dept. has promised to implement after the limit is reached will likely ease financial conditions and keep risk assets steady. The government is set to hit the debt limit on Thursday.

The U.S. government will hit the debt ceiling on Thursday. (Pexels/Pixabay)

Finance

Bitcoin Miner Bitfarms Warns of Default, Looks to Amend BlockFi Loan

The outstanding $20 million loan is secured by only $5 million in assets.

(Eliza Gkritsi/CoinDesk)

Finance

Bitcoin Miner Marathon Digital Pays Off Silvergate Revolving Credit

The company also reiterated its expectation to have 23 exahash per second of computing power around the middle of 2023.

Marathon Digital CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Finance

Stronghold Digital Mining Swaps Debt for Preferred Stock

The bitcoin miner has been reducing its debt since the summer.

Stronghold runs a coal refuse facility in Pennsylvania. (Stronghold Digital Mining)

Finance

Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain

Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposures to the fallout.

Obra de IA sobre el colapso. (DALL-E/CoinDesk)

Finance

Crypto Financial Services Firm Eqonex Files for Voluntary Debt Restructuring in Singapore

The company said it has been in talks with existing lender Bifinity and other potential investors to raise capital, but has not been successful.

Singapore (Unsplash)

Finance

Bitcoin Mining Firm TeraWulf Raised $17M of Capital in Q3, But Cash Reserves Remain Low

The mining firm has a liquidity position of $4.5 million and outstanding loan principal of $138.5 million.

Rig de minería cripto. (South_agency/Getty Images)

Finance

Bitcoin Miner Bitfarms Pays Down $27M of Debt

The miner is trying to improve its liquidity during the crypto market downturn.

(Eliza Gkritsi/CoinDesk)

Finance

Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans

The company has said it will default on the debt Tuesday unless it can reach a restructuring agreement with its lender.

El bear market afectó los precios de minería de bitcoin. (Marko Ahtisaari/Flickr)

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