M2 collaborates with Nicehash to cancel liquidity insurance for miners in Bitcoin

Crypto miners can now take advantage of Bitcoin -backed loans through M2 partnership with Nicehash.

Cryptocurrency Exchange M2, which is based in Abu Dhabi, has held a partnership with Nicehash, a coded mining service provider, to provide flexible lending solutions to mines. According to a joint press statement with Crypto.News on Tuesday, the initiative aims to help miners reach liquidity without selling Bitcoin (BTC(Hizbas.

Through this cooperation, M2 plans to provide loans in Tether (USDT(Stablecoin to encryption miners using BTC as a guarantee. Companies suggest that these loans can help miners expand the scope of coverage operations, cover expenses, and manage cash flow more effectively.

In M2, we understand the challenges facing miners in maintaining liquidity while maintaining their investments in Bitcoin.

– Sudhu Arumugam, Senior Product official M2

M2 lending column

According to M2, miners can open liquidity using Bitcoin as a guarantee and obtain “flexible payment options, including customizing a part of the retail rate.”

Nicehash, the Hashrate Marketplace operator, stressed that it is more than just a temporary partner in the project, saying that its technology “is now working to operate technology behind M2 lending solutions”.