A look at Bitcoin mining’s private loan marketplace

Quick TakeAmid the crypto market slump, raising capital from the public markets becomes tougher than before for Bitcoin mining companies.Yet they still face the pressure for cash as they undergo infrastructure expansion and are due for the monthly equipment installments.We identified 38 private loans over the past two years from more than 10 institutional lenders to a dozen mining companies.More than half of the loan facilities were issued after October and they offer a look into how this marketplace has evolved.