Bitmain, Antpool, Antalpha Offer Bitcoin Mining Industry Lifeline – Bitcoin Magazine

  • Bitmain and its mining pool are partnering with Antalpha to provide financial support to the bitcoin mining industry.
  • Loans will be low-cost and can be used to pay back equipment loans or to subsidize energy costs.
  • Bitmain and Antpool will provide proprietary data to the lender in order to evaluate risk.

Bitmain Technologies Ltd., one of the largest bitcoin mining rig manufacturers based in China, and Antpool are offering a lifeline for bitcoin mining companies during the market downtrend, per a report from Bloomberg.