Binance will lend $500 million to cryptocurrency miners

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

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

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

This project aims to provide loan finance to trustworthy bitcoin companies

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

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

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