Friday, September 18, 2020
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Debt May Be a Double-Edged Sword for Bitcoin Miner Bitfarms

Industrial-scale bitcoin mining is an extremely capital-intensive business. Debt financing can be an attractive way to raise the funds needed to purchase equipment without diluting ownership through equity issuance. But the mining industry is volatile and loans generally feature high interest rates and strict collateral requirements, making it a double-edged

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