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DeFi Lender Maple Debuts Bitcoin Mining Fund Charging Up to 20%

  • Bitcoin miners struggle to raise money as market rout worsens
  • Major lender Maple has issued $1.8 billion of loans to date
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Crypto lending platform Maple has set up a $300 million credit fund for Bitcoin miners, charging as much as 20% interest on their loans. 

The new fund launches just as more mining firms come under stress. Bitcoin’s low prices, soaring energy costs and network competition have compressed miners’ revenues to a two-year low. Fundraising opportunities from traditional capital market and other crypto-native financiers have also dried up.