{"id":68562,"date":"2022-10-14T10:33:00","date_gmt":"2022-10-14T07:33:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68562"},"modified":"2025-09-07T14:47:37","modified_gmt":"2025-09-07T11:47:37","slug":"binance-pool-launches-500m-fund-to-back-bitcoin-miners","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-pool-launches-500m-fund-to-back-bitcoin-miners\/","title":{"rendered":"Binance Pool launches $500m fund to back Bitcoin miners"},"content":{"rendered":"<p>Binance Pool <a href=\"https:\/\/www.binance.com\/en\/blog\/mining\/binance-pool-to-support-btc-mining-industry-with-a-$500m-miner-lending-project-694684880316935062\">\u043e\u0431\u044a\u044f\u0432\u0438\u043b<\/a> the creation of a $500 million fund to provide debt financing to struggling Bitcoin miners.<\/p>\n<p>The initiative targets both public and private players in the industry.<\/p>\n<p>Loans will be issued for 18 to 24 months, collateralised by cryptocurrency and\/or equipment.<\/p>\n<p>Earlier, Grayscale Investments<a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-creates-vehicle-for-bitcoin-mining-investments\"> launched<\/a> a product for joint investment in Bitcoin mining equipment.<\/p>\n<p>In September, Bitdeer<a href=\"https:\/\/u1f987.com\/en\/news\/bitdeers-jihan-wu-to-launch-a-250-million-miners-relief-fund\"> created<\/a> a $250 million fund to acquire assets from troubled companies in the industry.<\/p>\n<p>In the same month, the mining company and provider of cloud-based infrastructure solutions for cryptocurrency mining, Compute North <a href=\"https:\/\/u1f987.com\/en\/news\/compute-north-files-for-bankruptcy\"> filed for bankruptcy<\/a>.<\/p>\n<p>According to Arcane Research, the vast majority of publicly listed companies in the industry<a href=\"https:\/\/u1f987.com\/en\/news\/study-finds-publicly-listed-mining-companies-posted-losses-amid-crypto-winter\"> posted retained losses on their balance sheets, despite a strong 2021.<\/p>\n<p>Earlier, Binance<a href=\"https:\/\/u1f987.com\/en\/news\/binance-launches-mining-pool-for-ethereum-pow-fork\"> launched<\/a> a mining pool focused on mining the PoW fork tokens of Ethereum.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance Pool announced the creation of a $500 million fund to provide debt financing to struggling Bitcoin miners.<\/p>\n","protected":false},"author":1,"featured_media":68563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1137,1133],"class_list":["post-68562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-cryptocurrency-mining","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=68562"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68562\/revisions"}],"predecessor-version":[{"id":68564,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68562\/revisions\/68564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/68563"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=68562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=68562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=68562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}