After wiping down $47.9 million in loans that were mostly secured by cryptocurrency mining rigs during the year 2022, the holding company for the cryptocurrency-friendly bank, BankProv, has announced ...
Tag: BankProv
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs – Bitcoin News
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Secur...
Crypto-adaptive BankProv inks deal with Republic to offer escrow accounts
Crypto-adaptive commercial bank BankProv is collaborating with crowdfunding marketplace Republic to offer escrow accounts to BankProv customers who want to raise funds on their platforms. Republic wil...
Blockmetrix has raised $20m in debt financing from BankProv
Blockmetrix has brought $20 million up in new debt from BankProv The Dallas-based bitcoin (BTC) mining startup has raised funds from a crypto-accommodating business bank Computerized resource trade C...
Bitcoin Miner Blockmetrix Raises $20M in Debt From BankProv and CrossTower
“This is what we call our colo-light strategy, wherein Blockmetrix partners with an industry-leading colocation developer and operator by contributing equity and functioning as an anchor tenant for th...
Bitcoin mining startup Blockmetrix secures $25M from BankProv and CrossTower
Blockmetrix, a US-based Bitcoin mining startup that’s experienced massive growth since its launch in 2021, has secured a $25 million debt facility to expand its operations via the purchase of addition...
BankProv and Rocketplace Partner Up
BankProv, the 10th oldest existing bank in the United States has announced a partnership with Rocketplace, a California-based cryptocurrency exchange, to provide Banking-as-a-Service infrastructure an...