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Major DeFi lender Maple Finance has created a $300 million financial pool for bitcoin mining companies.
According to a September 20 announcement, the new fund targets “public and private major bitcoin mining and digital asset infrastructure companies” based in North America and Australia.
The pool offers basic loans for a period of 12 to 18 months at an interest rate of 15 to 20%. Australian finance company Icebreaker Finance will manage the loans through the Maple platform. Financing will be provided to borrowers based on balance sheet strength, operational efficiency and financial performance.
In addition, the loans will be backed by either real assets such as mining rigs and power transformers, or digital assets.
The appearance of this service on the market during a difficult period for bitcoin miners, apparently, indicates confidence in the stability of this sector of the crypto industry.
Miners play an important role in the development of the crypto ecosystem and the local economy, and we are proud to expand the new funding mechanism to direct capital where it is needed most,” commented Sidney Powell, co-founder and CEO of Maple Finance.
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