MarketsMaple Finance has launched a $300 million loan package...

Maple Finance has launched a $300 million loan package for Bitcoin mining companies

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Lending Protocol Corporation, Inc. announced Maple Finance Maple Finance and his representative Icebreaker Finance The middle of this week they will present up to 300 Million dollar secured debt financing method for mining companies Bitcoin public and private.

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Eligible entities across North America, as well as those in Australia, that meet existing Treasury Department and Energy Strategies criteria can apply for financing.

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On the other hand, the project seeks to offer loan packages with non-fixed returns based on the amount of risk at low rates for relatively new companies (up to 13% annually) from the allocated capital.

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The package is only available to accredited investors who are earning significant income or good assets.

If we apply these terms in the United States, that means an annual pre-tax income of more than 200,000 Dollars or having more than one million dollars in cash.

According to what she said Maple FinanceThe basic loans in the new lending package will last for a period ranging between 12 to me 18 months at interest rates up to 20%.

The loan will be secured by physical and intellectual assets owned by the borrower and may include mining rigs Bitcoin itself. In terms of development, say Sidney PowellCEO and co-founder of Maple Finance:

“Recent market headwinds have put lenders back, while traditional financing methods have been slower to engage the sector.”

“Miners also play an integral role in growing the cryptocurrency ecosystem and local economies, and we are proud to increase a new financing vehicle to direct capital where it is needed most.”

This and owns Maple Finance Currently 50% of the institutional cryptocurrency lending market by total outstanding loans.

At the time of publication of this article, liquidity aggregators in maple near to 1.8 $1 billion in loans since its inception in May 2021.

Source: Crypto Arabia

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William
William
I am a news writer at 24Happenings, where I help promote and write about events that matter to young professionals. I have worked in media for over a decade, most recently as an anchor in a small town in upstate New York. In my spare time, I like to read, cook simple meals, and watch DirecTV originals.

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