Miners’ loan burdens increase amid falling bitcoin prices

The news is that the burden of some miners repaying loans that have been secured by mining equipment has increased as bitcoin prices have fallen.

Analysts say the value of the pickup devices that the lender took as collateral was half priced with the decline in bitcoin prices

The number of loans in difficult situations is seen to increase, Bloomberg reported on Monday.

According to co-founder of Luxor Technologies, an mining company based in Seattle, the U.S.

It is estimated that a loan of $ 4 billion is collateral for mining equipment.

So far, there are not many miners who have not fulfilled their debts, but some have sold bitcoins they own

This is an additional pressure on bitcoin prices, Bloomberg said.

It added that equipment prices could go further down if borrowers start liquidating mining equipment to recover funds.