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BankProv Stops Offering Loans Collateralized With Crypto Mining Machines

The crypto-friendly bank wrote off $47.9 million in loans last year, primarily mining rig-collateralized debt.

Updated May 9, 2023, 4:06 a.m. Published Jan 31, 2023, 1:33 p.m.
(Eliza Gkritsi/CoinDesk)
(Eliza Gkritsi/CoinDesk)