1. Bitcoin miner Iris Energy has received a notice of default on $103 million of outstanding debt, with the lender claiming it is behind on payments scheduled for October 25 and demanding that Iris immediately pay all principal and accrued interest. This means that in the event of a default, the lenders would not be able to seize any of Iris Energy’s assets other than the collateral. The loans may come from troubled bitcoin investment firm NYDIG.(CoinDesk)
Global Crypto Mining News (Nov 7 to Nov 13)
Global Crypto Mining News (Nov 7 to Nov 13)
Global Crypto Mining News (Nov 7 to Nov 13)
1. Bitcoin miner Iris Energy has received a notice of default on $103 million of outstanding debt, with the lender claiming it is behind on payments scheduled for October 25 and demanding that Iris immediately pay all principal and accrued interest. This means that in the event of a default, the lenders would not be able to seize any of Iris Energy’s assets other than the collateral. The loans may come from troubled bitcoin investment firm NYDIG.(CoinDesk)