Quote from: CryptoGatherer on March 04, 2018, 01:04:01 AM

Thank you everyone for the replies. Besides using miners for collateral, in general, are there any financial institution that minimally would provide loans knowing your business is in the mining of cryptocurrency? Some of the more well known traditional institutions have been unresponsive or not interested in providing our organization with a loan. Just wondering if there are more progressive or open minded lenders out there.

Probably not gonna happen.

Mining equipment isn't very liquid and is very specifically used. You'll only be able to sell it to someone that understands how to set them up, and use them to turn a profit. For a financial institution this is probably not feasible.

I think you may be able to chat to a few of the people on the mining subforum to get a financing deal on your equipment, as well as posting a loan request on the lending forum for interested lenders to finance your loan with the miners as collateral. No guarantees though.