Crypto Mining Hosting Firm Applied Blockchain Adds $15M Loan to Pay Off Debt, Fund Growth

Debt has been a sore spot for some crypto miners, some of whom have faced margin calls on their loans as the value of their collateral, usually bitcoin or equipment, has diminished during the past few months’ market rout. However, given the capital heavy nature of the mining business, raising funds through debt has been one of the few ways miners had been able to build during the bear market.