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Sources: bankrupt crypto lender BlockFi plans to sell $160M of loans backed by ~68K bitcoin mining rigs; some have already defaulted or seem undercollateralized (David Pan/Bloomberg)

January 24, 2023

David Pan / Bloomberg:
Sources: bankrupt crypto lender BlockFi plans to sell $160M of loans backed by ~68K bitcoin mining rigs; some have already defaulted or seem undercollateralized  —  Bankrupt crypto lender BlockFi Inc. plans to sell about $160 million of loans backed by around 68,000 Bitcoin mining machines …

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