Antalpha is ready to provide loans for miners
At the miners’ Global Summit held in Miami, was presented an Antalpha – the company partnered producer of mining equipment Bitmain. Antalpha expressed readiness to become the broker and provide loans for miners using innovative products. It might be the perfect decision for miners who faced big problems with investments because of the cryptomarket declining.
Note that the conditions for many miners were so complicated that they had to sell out their BTC to pay for current bills. The situation with loans was worse because they were provided for equipment as the loan collateral, but the cost of machinery fell down.
In its turn Antalpha is ready to provide loans for hashrate as collateral but at the same time they have the common products with low margin provision (from 40% to 10%).
There are overdrafts in the product list for targeted financing or future BTC-mining without any collateral. The company suppose that the payments for the loan will be possible after declining expenses and the cost of cryptomining.
During the Summit there was great response from the audience thus it is possible to say that the offer was interesting for market participants. Antalpha startup has collected $700 millions of investments already and is going to receive external financing.