Crypto Mining Hosting Firm Applied Blockchain Adds $15M Loan to Pay Off Debt, Fund Growth

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Debt has been a sore spot for some crypto miners, a few of which have confronted margin calls on their loans as the worth of their collateral, often bitcoin or tools, has diminished in the course of the previous few months’ market rout. Given the capital-heavy nature of the mining enterprise, nevertheless, elevating funds by way of debt has been one of many few methods miners have been in a position to construct in the course of the bear market.

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