Antalpha has also started offering a revolving credit line for miners that can only be used to pay electric bills. The interest rate is as low as 6.6%, almost half of the rate that big miners have on existing loans, according to Vera. The highest rate on Antalpha’s credit line is 8.8%, according to Liao. The line of credit will be secured by the Bitcoin miners produce.

Public mining companies have been in distress. Core Scientific Inc. sold nearly 80% of its Bitcoin holdings in June to cover operational costs and Bitfarms Ltd. sold about half of its Bitcoin holdings to pay down a $100 million loan.

To alleviate some of the pressure, Antalpha said some of its loans would not require margin calls and it would let miners delay payments to Bitmain for mining machines by allowing miners to use purchased rigs as collateral.