Published 1 year ago

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

Summary by Ground News

BlockFi has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy proceedings. The crypto lender filed for Chapter 11 bankruptcy in Nov. 2022, citing its significant exposure to the now-defunct crypto exchange FTX for its downfall.

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Bloomberg

Bankrupt Lender BlockFi to Sell Bitcoin Mining Machine-Backed Loans

Bankrupt crypto lender BlockFi Inc. plans to sell about $160 million of loans backed by around 68,000 Bitcoin mining machines, according to two people familiar with the matter.

1 year ago·United States

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Cointelegraph

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

Bankrupt crypto lender BlockFi is reportedly trying to sell loans backed by Bitcoin mining equipment to the tune of $160 million.

1 year ago

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CryptoPotato

Bankrupt BlockFi to Sell $160M in Bitcoin Mining Hardware Loans: Report

The bankrupt crypto mining lender BlockFi plans to sell loans linked to Bitcoin mining machine purchases.

1 year ago

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CryptoSlate

BlockFi plans to sell $160M worth of BTC miner-backed loans

The price of BTC mining rigs fell nearly 85% over the past year, causing some loans to become under-collateralized.

1 year ago

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Cryptocurrency News | Cryptocurrency Prices | Market Cap

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is set for Jan. 24.

1 year ago

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The NFT Unicorn

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

Bankrupt crypto lending firm BlockFi has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy proceedings, according to reports. In a Bloomberg report on Jan. 24, two people “familiar with the matter” claim that BlockFi started the process of selling off the loans last year. […]

1 year ago

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BlockFi to sell $160M in Bitcoin miner-backed loans: Report

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Bankrupt Lender BlockFi to Sell Bitcoin Mining Machine-Backed Loans

Bankrupt Lender BlockFi to Sell Bitcoin Mining Machine-Backed Loans

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

Bankrupt BlockFi to Sell $160M in Bitcoin Mining Hardware Loans: Report

Bankrupt BlockFi to Sell $160M in Bitcoin Mining Hardware Loans: Report

BlockFi plans to sell $160M worth of BTC miner-backed loans

BlockFi plans to sell $160M worth of BTC miner-backed loans

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

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