Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market

Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market

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At the height of the market, when bitcoin was over $60,000, companies were purchasing miners at $90, $100 and even more per terahash, Bulovic said. That adds up to as much as $10,000 per machine. “The larger price tag means that the loan amount was higher. That means that the monthly payments are higher,” he said.



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