I hope this is in the right section..... We are looking for a $10 Million line of credit that will be collateralized by $20 Million worth of the latest currently owned mining hardware.
Does anyone know of any private or semi-private lending options? Are there any funds loaning in this space? We have always self-funded but want to accelerate our growth.
Any advice or referrals would be appreciated!
Considering that Bitmain has dropped prices on new hardware over 75% in some cases, why would you imagine someone would finance your used gear at 50% of the new value?
Hashing hardware is essentially worthless after 24 months due to the technology cycle.