“Recent market headwinds have caused lenders to pull back, while traditional financing vehicles have been slower to engage this sector,” said Sidney Powell, CEO and co-founder of Maple in a press release on Tuesday. “Miners play an essential role in growing the crypto ecosystem and local economies, and we are proud to extend a new financing vehicle to direct capital where it is needed the most,” he added.
DeFi Platform Maple Finance Aims to Help Struggling Bitcoin Miners With $300M Lending Pool
