Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market

Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market

At the height of the market, when bitcoin was over $60,000, companies were purchasing miners at $90, $100 and even more per terahash, Bulovic said. Th

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At the height of the market, when bitcoin was over $60,000, companies were purchasing miners at $90, $100 and even more per terahash, Bulovic said. That adds up to as much as $10,000 per machine. “The larger price tag means that the loan amount was higher. That means that the monthly payments are higher,” he said.

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