Binance Pool Unveils $500M Lending Project to Support Bitcoin Mining Industry

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Binance believes the move will help maintain a healthy digital asset ecosystem.

With the bear market taking a heavy toll on the crypto mining industry, Binance has announced a new lending project.

Wu is currently spearheading the bitcoin mining rig maker’s spin-off, Bitdeer Technologies, which will initially deploy $50 million to work. The company plans to raise the remaining $200 million from external investors.Initiated by Binance Pool, the $500 million project is designed to provide secure debt financing services to the public as well as private blue-chip BTC mining and digital asset infrastructure companies across the world.

 

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