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Bloomberg: Coinbase is quickly becoming the lender of choice for bitcoin mining companies

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2025-08-29 01:39:14
According to Bloomberg, crypto trading platform Coinbase Global Inc. is at the forefront of a resurgence in lending to crypto miners using bitcoin as collateral. Coinbase is quickly becoming one of the largest lenders to U.S. bitcoin miners.
The trading platform is better known for its trading and custody operations, but has now extended hundreds of millions of dollars in credit to companies such as Riot Platforms, Clean Spark, and, most recently, Hut 8, filling the void left by the collapse of most crypto lenders in 2022.
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