🌟 Crypto miners are new pot of gold offered to U.S. junk lenders
Crypto mining company Coinmint is seeking to borrow as much as $50 million over five years to purchase and install servers at its 1,300-acre site in Massena, according to indicative loan terms sent to investors. The company has proposed an interest rate of as much as 12 percent a year, which is higher than the average yields on the lowest-rated U.S. junk bonds.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.