As pointed out by Hashrate Index, a debt-to-equity ratio of 2 or higher is considered risky in most industries. The graph below shows the extremely high debt-to-equity ratios currently being sported by some of the prominent Bitcoin miners.Considering that more than half of the 25 public bitcoin miners boast extremely high debt-to-equity ratios, the mining sector may come across potential restructurings and bankruptcy filings unless the bulls make a comeback.
While some companies may shut down or slow down operations to reduce liabilities, it will help sustainable miners expand their footprint as they buy out the competition’s equipment and facilities.Bitcoin miner Northern Data says it has no financial debt, expects $204M in revenue for 2022 On Dec. 20, Greenidge signed a $74 million debt restructuring agreement with the NYDIG, a fintech firm dedicated to Bitcoin.
As Cointelegraph reported, the NYDIG agreement would see the purchase of miners with approximately 2.8 exahashes per second of mining capacity. In exchange, the mining company would see a debt reduction of $57 million to $68 million.
mhelal2
Qoda Protocol is a Defi lending and borrowing protocol built on Moonbeam Network, where you will get On-Chain Orderbook For Lending/Borrowing and fixed Interest rate, fixed maturity loans with an early exit, Repayment Redemption Ratio QodaFinance
Do not fear bitcoin bear markets. They lead to accumulation phases of a lifetime. The only trick is to just stick around no matter how bad it gets, accumulate $BTC Y’all follow Btc_06y she’s is a wonderful analyst in crypto, her tweets & tips has been accurate Follow her
Like seriously
🚜 A few days ago, Bitfarms have reached 5000 BTC mined in 2022! 🔍 Some numbers of the best miner in the world: ⛏️ 15.1 Bitcoin Mined Per Day ⚡ 4.4 EH/s Online 📍 10 Farms 🌎 4 Countries
BINANCE FUTURЕS 100%, 200%, 500% PROFIT PER DAY IS VЕRY EАSY T0 GET IF YOU JOIN THIS CHANNЕL DAILY PROFITABLE IS ASSURED J0IN АND TESTIFY kelvinfuturesig J0IN FAST👆🏻👆🏻
Core Scientific is the biggest debtor among the lot with $1.3 billion in liabilities on its balance sheet as of Sept. 30. Marathon, the second-biggest debtor, has $851 million in primarily convertible note liabilities.
Follow! Join the $OSTRICH club! OstrichClubCoin OSTRICH
Give me one for Christmas 🐙🤣
All the bitcoin miners are not profitable right now?
THE BEST TRADING PLATFORM IS HERE AGAIN. LEARN HOW TO TRADE, BUILD YOUR PORTFOLIO WITH OUR ACCURATE SIGNAL .😍 (ATLEAST 3-4 PROFITABLY SIGNALS DAILY 🤑🤑. TO JOIN; HIT OUR TELEGRAM PLATFORM AND START EARNING 👇👇👇👇👇👇👇
👀
[24/12 18:39] 🔥🔥🔥🔥🔥🔥🔥: [24/12 18:39] 🔥🔥🔥🔥🔥🔥🔥:
I hope it will be a long and cold bear market.
Guard ya grill & buckle 🆙- BearMarket deep crypto possibly may influence Bitcoin price action to test lows relative 2020, shake some miners to TapOut with shallow resolves or limited access to rescue funding dca allday Bitcoin
They should embrace Coredao_Org now
Over leveraged always get rekt in life
This is why I’m heavy on DigihostDGHI next to no debt, renewable miner operations and excellent controls in place. Can’t wait till we finally get dividends.
How tf does this even make sense
Bear crisis hit everyone very hard
It's time Bitcoin miners realize the technology Coredao_Org are trying to build and join to support the project by delegating their Bitcoin mining hash power so as to earn reward Core token.
CoreDao_Org
Those miners must take a look on Coredao_Org
Who will replace them in the future?
CoreDAO
They should look into
more debt
NEW MINERS READY TO JUMP IN WHEN THEY ARE BANKRUPT!🥳🤩
Coredao_Org have them all let them delegate hash power to gain revenue from coredao
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »