Crypto Exchange Binance Launches $500M Bitcoin Mining Lending Pool

Cryptocurrency exchange Binance has announced a $500 million lending pool for Bitcoin (CRYPTO: BTC) miners as the industry gets stifled by energy costs, low Bitcoin prices and higher-than-ever mining difficulty. The goal of the Binance Pool initiative is to “provide secure debt financing services to both public and private blue-chip bitcoin (BTC) mining and digital asset infrastructure companies globally.