ASIC-Backed Loans Worth $4B in Jeopardy as Prices Tank
Loans taken out by crypto mining companies against mining ASICs are under pressure as ASICs drop in value, making the loans challenging to repay and posing significant risks to lenders. While no ASIC-based borrowers have yet defaulted on their loans, worrying signs for crypto lenders have emerged in the last few weeks. Texas-based Core