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Published 1 year ago

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.

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