Debt
Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
Private and publicly listed crypto miners owe up to $4 billion in debt used to finance the construction of gargantuan facilities across North America, according to industry participants and data compiled by CoinDesk.
CoinFLEX Says Roger Ver Owes It $47M USDC as Spat Turns Public
The crypto exchange is launching a recovery token because of debt owed by a high-net-worth customer.
Moody’s Downgrades Coinbase’s Debt on Profitability Concerns
Ratings agency Moody’s has downgraded Coinbase’s corporate debt, also placing its debt ratings under review for further downgrades. “The Hash” hosts discuss the potential limits of applying Wall Street analytics to crypto markets, and what this reveals about the Coinbase’s fate as the crypto exchange gets caught in a bear cycle.
Moody’s Downgrades Coinbase’s Debt on Profitability Concerns
The ratings agency has also put the crypto exchange’s ratings under review for further downgrade.
Iris Energy Raises 2022 Hashrate Estimate to 4.3 EH/s
The construction of the bitcoin miner's Texas site may be delayed as the firm removed completion estimate.
Miner Bitfarms Sold Almost Half Its Bitcoin to Reduce Debt
The miner sold 3,000 BTC in the past week to improve liquidity and reduce indebtedness.
Bear Market Could See Some Crypto Miners Turning to M&A for Survival
Companies that have already survived the previous down market and have enough capital and a sound business strategy will be able to survive this cycle.
Galaxy Digital to Sell $500M of Notes in Private Placement
The notes, which are exchangeable for shares, will carry an interest rate of 3%.
Fitch: Debt Ceiling Fight Could Endanger ‘AAA’ Rating of US
The warning illustrates how the debate can create an aversion to risk that could rattle bitcoin.
