Bitmain, Antpool Offer Bitcoin Mining Industry Lifeline Amid Miner Capitulation

Bitmain, Antpool Offer Bitcoin Mining Industry Lifeline Amid Miner Capitulation

The ASIC manufacturer and the Antpool mining pool are partnering with Antalpha to finance low-cost loans for equipment and resource costs to weather the winter.Bitmain and its mining pool are partnering with Antalpha to provide financial support to the bitcoin mining industry. Loans will be low-cost and can be used to pay back equipment loans or to subsidize energy costs. Bitmain and Antpool will provide proprietary data to the lender in order to evaluate risk. Bitmain Technologies Ltd., one of the largest bitcoin mining rig manufacturers based in China, and Antpool are offering a lifeline....


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