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Crypto lenders morph into miners

Published: February 26, 2023

Crypto lenders have repossessed so many Bitcoin mining rigs they’re resorting to plugging them in and extracting tokens themselves.

Source: gulfbusiness.com

Crypto lenders morph into miners as repossessed rigs pile up

Published: January 13, 2023

'One way for the lenders to prevent further losses from the defaulted loans is to keep the collateralised machines running and generate some income.'

Source: moneyweb.co.za

Crypto lenders morph into miners as repossessed rigs pile up

Published: January 12, 2023

Lenders are getting creative as to what to do with the mining machines they accepted as collateral for the some $4 billion in rig-backed loans they underwrote when the rally in bitcoin seemed unstoppable.

Source: americanbanker.com

Weekly Commentary: Blackstone, Inflection Points And The Z.1

Published: December 11, 2022

At a seasonally-adjusted and annualized (SAAR) $3.284 TN pace, Non-Financial Debt (NFD) growth slowed from Q2’s SAAR $4.318 TN and Q1’s SAAR $5.438 TN.

Source: seekingalpha.com