Home Bitcoin News Bitcoin Mining Bitcoin Miner Iris Vitality Says Some Machines Aren't Protecting Financing Prices – CoinDesk

Bitcoin Miner Iris Vitality Says Some Machines Aren't Protecting Financing Prices – CoinDesk

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The corporate has three special-purpose autos particularly for financing the acquisition of mining gear. Collectively the three have $104 million of debt excellent. That is secured towards 3.8 exahash per second (EH/s) of mining rigs. The special-purpose autos aren’t assured by the father or mother firm, and the lenders don’t have any recourse to the corporate or any of its property, Iris Vitality mentioned.

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