BlockFi is seeking to sell $160 million of mortgage COINS mining machine

Blog Chain Finance 2023-01-24 12:32:51 阅读数:296

blockfiseekingsellmillionmortgage

BroadChain has learned that on January 24, according to The Block, two sources familiar with the matter revealed that the bankrupt crypto lending institution BlockFi is seeking to sell $160 million in loans consisting of about 68,000 units Bitcoin miners are supported.

The bidding process begins in 2022, with a Jan. 24, 2023, deadline for submitting bids, people familiar with the matter told Bloomberg.Some of those loans have already defaulted, and some may be undercollateralized given the drop in mining machine prices, the people said.

Miner prices have dropped more than 80% in the last year as falling bitcoin and soaring electricity costs squeeze mining profits.

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