CryptoCointelegraphabout 2 hours ago
Bitcoin-backed loan refinances PowerCompute's $18M debt at 2%
1 min read
PowerCompute refinanced $18 million of debt through a Bitcoin-backed facility with Arch Lending at about 2% APR. The Nasdaq-listed miner pledged 307 Bitcoin as collateral, replacing loans from Galaxy Digital and Liebel that carried rates up to 12%.
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