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.
It's brand new hardware.
ya know, this little forum is very disappointing... It seems it's just full of a bunch of negative, judgemental people. I thought bitcoin early adopters would be a lot more helpful, optimistic and kind. None of the negative responders have taken any effort to understand what I'm actually asking for. Forgive me for having thought this might be a "community" instead of a mob.