Published 2 years 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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Cointelegraph

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.

2 years ago

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watcher.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...

2 years ago

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The 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.

2 years ago

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Telegraph

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…

2 years ago

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DropTown

Bitcoin Mining Companies Together Owe $4B In Debt

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

2 years ago

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BITRSS

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.

2 years ago

Read Full Article

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

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

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

Bitcoin Mining Companies Together Owe $4B In Debt

Bitcoin Mining Companies Together Owe $4B In Debt

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

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

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

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

Bitcoin Mining Companies Together Owe $4B In Debt

Bitcoin Mining Companies Together Owe $4B In Debt

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

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

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