M2 and NiceHash Serve 1M Miners with USDT Loans: How Miners Are Gaining Liquidity for Operations | HackerNoon
Briefly

Miners globally handle vast transaction volumes but face liquidity challenges that often force them to sell Bitcoin, undermining their potential long-term gains. M2's partnership with NiceHash introduces a novel lending solution allowing miners to borrow against their Bitcoin holdings. This arrangement facilitates growth without selling assets, providing crucial liquidity for maintaining or expanding mining operations. The innovative solution leverages NiceHash's technology for seamless integration, reassuring miners that their investments remain intact while managing operational costs effectively.
Miners face a balancing act between liquidity and preserving Bitcoin. Partnering with NiceHash bridges that gap, offering tools to scale operations without selling assets.
68% of miners hesitate to sell Bitcoin due to its potential future value, yet 45% report needing funds to maintain or expand rigs.
Read at Hackernoon
[
|
]