Maple Finance, one of the crypto industry’s biggest institutional DeFi lenders, on Wednesday partnered with Icebreaker Finance to develop a $300 million financing pool for struggling Bitcoin mining operations. The loan pool is aimed at providing secured debt financing to public and private “blue-chip” Bitcoin mining and digital asset infrastructure companies in North America, Canada, and Australia, according to a Maple/Icebreaker release and a stream of Maple tweets yesterday. The statement added that underlying loans in the new lending pool will last 12 to 18 months and carry interest rates of up to 20%.
