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Binance Aids Bitcoin Miners By Launching $500M Lending Pool

Published date:

February 2, 2026

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Binance’s blog post reads: “This project was designed to provide secure debt financing services to both public and private blue-chip bitcoin (BTC) mining and digital asset infrastructure companies globally.”

Binance announced its plans to support Bitcoin miners by unveiling a $500M lending pool project.

The news came a few days after Binance launched a mining pool for ETHW, Ethereum’s PoW fork token.

According to Binance, its Lending Pool project will provide loans at an interest rate of 5-10% for an 18 to 24-month term. Binance will accept “satisfactory” mining equipment or crypto assets as collateral for these loans.

BREAKING: @Binance Pool has announced the launch of a $500 Million Fund to Support #Bitcoin Mining Article to follow...#BTC #Binance #Crypto https://t.co/uiEBWZ4l4h
— BSC News (@BSCNews) October 14, 2022

In the same announcement, Binance voiced its intention to launch cloud mining products. The firm claimed it will purchase mining hash power from Bitcoin mining providers. Binance is currently looking for cloud mining providers that will collaborate with it on this venture.

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Bitcoin mining difficulty recently hit its all-time high of 36.51T. The spike in the mining difficulty has created more problems for the crypto mining industry which is strained by the bearish crypto market.

It is worth noting that Binance is not the only company offering its support to the crypto mining industry. In September, Maple Finance launched a $300M lending pool to help mining firms.

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Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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