[Bloomberg: Coinbase Rapidly Becoming the Preferred Lender for Bitcoin Mining Companies] BlockBeats News, August 29 – According to Bloomberg, cryptocurrency exchange platform Coinbase Global Inc. is at the forefront of a resurgence in loans to crypto mining companies, secured by Bitcoin as collateral. Coinbase is quickly becoming one of the largest lenders to Bitcoin mining companies in the United States. The platform, better known for its trading and custody services, has now extended hundreds of millions of dollars in credit to companies such as Riot Platforms, CleanSpark, and most recently Hut 8, filling the void left after the collapse of most crypto lenders in 2022.