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Some Bitcoin Miners May Have Trouble Paying Back Their Loans – $4 Billion in Loans Are Involved. A situation that could add downward pressure to the price of Bitcoin.

Bitcoin Reddit

More / Bitcoin Reddit 116 Views

tldr; The Bitcoin crash we have been experiencing for several weeks now puts many Bitcoin miners at risk. Some mining companies have placed their mining equipment as collateral to obtain loans from specialized companies. The price of their equipment would have fallen below the outstanding principal on their loans. This represents a "potential risk" to major cryptocurrency lenders.

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