Launch of $300 Million Financing Pool by Maple Finance

Created By Jyotish

Launch of $300 Million Financing Pool by Maple Finance for Bitcoin Mining Companies

The public and private Bitcoin mining companies will get secured debt financing by institutional lending platforms. 

The institutional crypto lending protocol Maple Finance and its delegate Icebreaker Finance would facilitate the amount up to $ 300 million 

The entities must be Australia-based and North American-based qualified organisations  

They must also fulfill the treasury management and power plans manastandards  to apply for financing. 

Moreover, only accredited investors who fulfil strict income and/or net worth requirements within a country are permitted access to the pool.  

In the United States, among other requirements, entities must also entail possessing a liquid net worth of more than $1 million  

Or a yearly pre-tax income of over $200,000 ($300,000 with a spouse) 

The underlying loans in the new lending pool would have terms of 12 to 18 months and interest rates as high as 20%.