Binance will lend $500 million to cryptocurrency miners

To help bitcoin miners, cryptocurrency exchange Binance has developed a financing program through its mining pool

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The mining pool's loan project just launched. The program will help mining infrastructure suppliers and bitcoin miners

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Binance Pool is launching a $500 million funding operation to benefit cryptocurrency miners and digital infrastructure suppliers

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This project aims to provide loan finance to trustworthy bitcoin companies

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Borrowers must agree to 18 to 24-month durations and 5% to 10% interest rates to secure loans

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The exchange also stated in the announcement that Binance Pool intends to provide cloud mining products

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The cloud mining hash power will be purchased from bitcoin mining and digital infrastructure companies, according to Binance Pool

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