“Our new $100 million BTC credit facility adds another component to our diversified financing strategy and contributes significant non-dilutive capital to fund our global growth initiatives, which include four farms with 298 Megawatts mining capacity under construction,” CFO Jeff Lucas said. Source link … [Read more...] about Miner Bitfarms Raises $100M Bitcoin-Backed Loan With Galaxy Digital
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Crypto Lender Ledn Raises $70M in Series B Round, Readies Bitcoin-Backed Mortgage Product
Since the third quarter of 2020, Ledn has grown its assets by over 4,000%, exceeding $1.7 billion, according to the statement. The company has clients in 127 countries with 44% of its loan clients in Latin America, where it hopes to expand with help from the latest capital raise. Source link … [Read more...] about Crypto Lender Ledn Raises $70M in Series B Round, Readies Bitcoin-Backed Mortgage Product
Goldman Looking Into Bitcoin-Backed Lending as Jobs Report Disappoints
This episode is sponsored by NYDIG.Download this episodeOn this edition of “The Breakdown Weekly Recap,” NLW covers:The latest jobs report and what it means for Fed policyComments from SEC Chair Gensler and a House crypto hearing next weekThe latest institutional bitcoin news from Fidelity and Goldman SachsSee also: Warren Targets Bitcoin Miner Greenidge’s Environmental … [Read more...] about Goldman Looking Into Bitcoin-Backed Lending as Jobs Report Disappoints
Goldman Sachs, Other Wall Street Banks Exploring Bitcoin-Backed Loans: Sources
Goldman Sachs is among a handful of tier-one U.S. banks figuring out how to use bitcoin as collateral for cash loans to institutions, according to three people familiar with the plans.Banks such as Goldman will not touch cryptocurrency spot markets but lean towards synthetic crypto products such as futures. Emulating tri-party repo type arrangements (a way of borrowing funds by … [Read more...] about Goldman Sachs, Other Wall Street Banks Exploring Bitcoin-Backed Loans: Sources