Bitcoin miners have $4 billion in bad debt
The decline in the cryptocurrency market makes it difficult to repay loans of up to $4 billion that bitcoin miners have received against equipment. This creates additional risks for cryptocurrency lending services, after the price of such equipment halved along with the bitcoin exchange rate, Bloomberg reported. So far, a small number of miners have reported an inability to meet loan obligations. Nevertheless, the increase in bitcoin sales from reserves suggests that their situation is furthe...
Bitcoin miners have $4 billion in bad debt
The decline in the cryptocurrency market makes it difficult to repay loans of up to $4 billion that bitcoin miners have received against equipment. This creates additional risks for cryptocurrency lending services, after the price of such equipment halved along with the bitcoin exchange rate, Bloomberg reported. So far, a small number of miners have reported an inability to meet loan obligations. Nevertheless, the increase in bitcoin sales from reserves suggests that their situation is furthe...
