According to BlockBeats, on August 29, Bloomberg reported that the cryptocurrency trading platform Coinbase Global Inc. is at the forefront of a resurgence of loans to crypto mining companies, backed by Bitcoin.
Coinbase is quickly becoming one of the largest lenders to Bitcoin mining companies in the United States. The trading platform is better known for its trading and custody services, but it has now provided hundreds of millions of dollars in credit to companies such as Riot Platforms, CleanSpark, and most recently Hut 8, filling the void left by the collapse of most crypto lenders in 2022.
