Amesbury
application-specific integrated circuit
ASIC mining equipment
B. Riley
Bankprov
bankruptcy protection
Bitcoin
business relationships
collateralized loans
Compute North
core scientific
crypto assets
crypto mining companies
Crypto Winter
cryptocurrency
debt
decline
digital asset loan portfolio
Discontinued
Ethan Vera
Executive
Exposure
financial institution
financial strain
Greenidge Generation
Industry
Investment
Loan Originations
loans
Luxor
Massachusetts
Metropolitan Commercial Bank
mining rigs
News
phased out
Provident Bancorp
reorganized
repossessed
restructuring
revenue
U.S.Securities and Exchange Commission
undisclosed operations
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
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. Securities…