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Public Bitcoin mining companies plagued with $4B of collective debt

Summary by Ground News
The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market. Just the top 10 Bitcoin mining debtors cumulatively owe over $2.6 billion. Most Bitcoin miners, including the third-biggest debtor, Greenidge, are undergoing a restructuring process to reduce debt.
Published 3 months ago

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CointelegraphCointelegraph

Public Bitcoin mining companies plagued with $4B of collective debt

Most Bitcoin miners, including the third-biggest debtor, Greenidge, are undergoing a restructuring process to reduce debt.

3 months ago
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watcher.guruwatcher.guru

Bitcoin Mining Companies Together Owe $4B In Debt

The past year was evidently rough for Bitcoin investors. Apart from them, even miners took a hit. The lagging price of...

3 months ago
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The BlockThe Block

Bitcoin mining companies close out year $4 billion in debt: Report

Bitcoin mining companies are set to close out the year with a big debt burden after a borrowing spree in 2021.

3 months ago
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TelegraphTelegraph

Bitcoin mining companies close out year $4 billion in debt: Report

Public Bitcoin mining firms have struggled under the weight of a year-long bear market and are set to end 2022 with a collective debt profile of more than $4 billion, according to a report by Hashrate Index. Bitcoin miner Core Scientific is the hardest hit among the lot, according to the report. The company owes $1.3 billion to creditors and has filed for Chapter 11 bankruptcy protection, as reported by The Block. The troubled miner is trying to…

3 months ago
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DropTownDropTown

Bitcoin Mining Companies Together Owe $4B In Debt

Bitcoin Mining Companies Together Owe $4B In Debt Source link

3 months ago
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bitrss.combitrss.com

Public Bitcoin mining companies plagued with $4B of collective debt

The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market.

3 months ago
Read Full Article

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