Key Points
Binance Pool recently launched a $500 million lending project to support the development of cryptocurrency mining.
In addition to providing services to borrowers, Binance Pool is also looking for suitable cloud mining providers.
Click here to learn more about the Mining Lending Program.
Binance Pool recently launched a $500 million lending program to support Bitcoin miners and infrastructure providers. Learn more about the Binance Mining Support Program here.
Binance Pool is the world's leading cryptocurrency mining pool and therefore has a responsibility to help maintain a healthy digital asset ecosystem. Based on current market conditions, Binance Pool has launched a $500 million lending program to support cryptocurrency miners and digital infrastructure providers.
This is the first of its kind project launched by Binance Pool, which aims to provide secure debt financing services to public and private blue-chip Bitcoin (BTC) mining and digital asset infrastructure companies around the world.
Miner Lending Project Summary
1. Provide loans worth $500 million
Eligible borrowers must agree to our terms and conditions, including but not limited to:
a.Term is 18 to 24 months
b. The interest rate is between 5% and 10%; and
c. Provide a margin satisfactory to Binance, either in the form of physical or digital assets.
Want to get a loan? Contact us now. Terms and Conditions apply.
2. Partner with a cloud mining provider
Binance Pool is looking to launch a cloud mining product. Binance Pool will purchase cloud mining hash power directly from Bitcoin mining and digital infrastructure providers, so it is currently looking for cloud mining providers for this project.
For more information, please contact poolvip@binance.com.