Does Simple Mining offer financing? 

Simple Mining does offer financing. We have a few different offerings that customers can choose from. 

Traditional Financing:

Simple Mining offers traditional financing on the purchase of machines. 

The terms are as follows: 24 months, 12% fixed rate APR, origination fee $250, 50% loan to value (LTV), standard amortizing loan (principal + interest paid monthly.

Essentially, customers are responsible for covering 50% of the total purchase cost up front and the rest can be financed over a 24 month period (no pre-payment penalty). 

Whop: 

Whop is a service buy now pay later service that Simple Mining offers to its clients. Whop is and external partner of Simple Mining, not vertical of ours. 

Whop has a few different BNPL products customers can choose from. Each one is tailored to a specific transaction amount and customer.

Externally: 

Customers can use companies like Arch Lending, Ledn, Unchained Capital and more to take advantage of Bitcoin backed loans. 

Simple Mining does not have partnerships with these organizations, but customers can get loans through these agencies to purchase miners with Simple Mining. 

Overall:

There are a number of ways in which customers can take advantage of financing options whether that is directly through us or with a third party lending agency.