- BTC0%
- three+6.32%
BlockBeats News, August 6th, Bitcoin mining firm PowerCompute restructured three loans totaling $18 million through Arch Lending, using 307 BTC held in reserve as collateral, replacing previous loans from institutions such as Galaxy Digital.
The new financing utilizes a non-recourse, 30-day revolving structure with a current annualized interest rate of about 2%, lower than the 12% on some of the old loans, allowing the company to reduce interest expenses without selling Bitcoin.
Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.
- CoinsPrice24H Change