Icebreaker opened a $300M capacity pool providing secured debt financing to Bitcoin mining sector

Icebreaker Finance joined Maple to open the first institutional lending pool providing secured debt financing to blue-chip Bitcoin mining and digital asset infrastructure companies.

Targeting public and private blue-chip miners which have effective treasury management and power strategies - the Icebreaker investment committee will thoroughly evaluate borrowers’ financial and operational positions to issue loans with a 12-18 month tenor at 15-20% rates, fully collateralized by real-world and digital assets and have recourse to the borrower.

The pool is open to accredited investors and yield is expected to be +13%, derived from loan interest payments from bitcoin mining and digital asset infrastructure firms in North America, Canada and Australia.

Visit the pool and reach out to Glyn from Icebreaker or Quinn from Maple to join.

Learn more about the pool from interviews with Maple and Icebreaker with yesterday's coverage:

• Maple Finance: 

  Icebreaker launch lending pool for Bitcoin mining and digital asset infrastructure providers

• Bloomberg: 

  DeFi Lender Maple Debuts Bitcoin Mining Fund Charging Up to 20%

• The Block: 

  Icebreaker Finance, Maple launch $300 million lending fund for bitcoin miners

• CoinDesk: 

  DeFi Platform Maple Finance Aims to Help Struggling Bitcoin Miners With $300M Lending Pool

• Coin Telegraph: 

  Maple Finance launches $300M lending pool for Bitcoin mining firms

Next week we’ll host a Pool Delegate Call with Icebreaker to celebrate the launch of the pool. More about this soon.

Update on the Wintermute hack

We understand Wintermute remains financially strong and do not expect any impact to Lenders in Maple pools. Delegates have been in active communication with Evgeny Gaevoy and the Wintermute team, receiving updates and detailed current financials. Credora published a summary of Wintermute’s financial position based on their real time monitoring software.

Wintermute are now back to normal operations and moving forward with continued strong profitability.

Further updates from our Pool Delegates:

• Credora

• Orthogonal

• Maven 11

We hosted our first-ever Virtual Briefing

This week we hosted our first-ever Virtual Briefing where Sid and Claire, Maple Sales Director, explored lending opportunities on Maple. If you missed it you can still watch the full recording here.

Our next Virtual Briefing will take place in October and cover the bitcoin mining industry. Keep an eye out for the announcement.

Sid at Messari Mainnet

This week Sid joined a panel at Messari Mainnet to discuss the future of yields with Kunal Goel from Messari and Emily Hsia from Goldfinch. We look forward to sharing the recording with you once that’s available.

Neat Comms

• Sid joined Felix on the Hartmann Capital podcast to discuss the new real world lending ecosystem

• On the Bell Curve podcast Sid shared his thoughts on when crypto could go mainstream

• Benji Cohen shared his support for the team after our Virtual Briefing

• The biggest Dutch crypto news website shared an article about Maple

Next Week

• We’ll host a Pool Delegate Call with Icebreaker to celebrate the new pool launch

• Joe will moderate a Token 2049 panel in Singapore covering ‘DeFi in the aftermath of the CeFi unwind’

• Sid will join a panel at Circle Converge 22 to discuss ‘Bringing Debt Capital Markets On-chain’