BlockFi to Sell $160 Million Worth of Loans Backed by 68,000 Mining Rigs
January 24, 2023 │ 5:30 PM GMT BlockFi plans to sell $160 million in loans backed by approximately 68,000 Bitcoin mining machines. Since the bankruptcy crisis, BlockFi has been liquidating its loans to pay off over 100,000 creditors. Amidst bankruptcy proceedings, the firm is reportedly struggling to retain employees. Moreover