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Maple Finance launches $300M lending pool for Bitcoin mining firms

Cryptocurrency Sep 20, 2022 03:00PM ET
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Maple Finance launches $300M lending pool for Bitcoin mining firms
 
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On Tuesday, institutional crypto lending protocol Maple Finance and its delegate Icebreaker Finance announced that they would provide up to $300 million worth of secured debt financing to public and private Bitcoin mining firms. Qualified entities meeting treasury management and power strategies standards located throughout North America, as well as those in Australia, can apply for funding.

On the other hand, the venture seeks to deliver risk-adjusted returns in the low teen percentages (up to 13% per annum) to investors and capital allocators. The pool is only open to accredited investors who meet substantial income and/or net worth qualifications within a jurisdiction. In the United Stat, among many criteria, this means having an annual pre-tax income of over $200,000 ($300,000 with a spouse) or having a liquid net worth of more than $1 million.

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Maple Finance launches $300M lending pool for Bitcoin mining firms
 

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