Cryptominers unable to repay millions in loans are handing over their mining rigs instead [TechSpot]

View Article on TechSpot

Bloomberg reports that during the height of the crypto boom, when Bitcoin was near $69,000 and profit margins were as high as 90%, miners raised as much as $4 billion from mining-equipment financing. Companies were handing out massive loans for rigs and to build mining farms, but as Ethan Vera,…