ViaBTC Crowned ‘Mining Pool of the Year’ Amidst New Lending Push – Breaking News for Crypto Miners
Hong Kong – October 31, 2025 – In a significant boost for the crypto mining industry, ViaBTC, the world’s third-largest Bitcoin (BTC) mining pool, has been awarded “Mining Pool of the Year” at Blockchain Life 2025 in Hong Kong. Simultaneously, the company announced enhancements to its collateralized lending service, offering miners a lifeline in a volatile market. This is a developing story with implications for miners globally, and archyde.com is bringing you the latest updates.
ViaBTC’s Lending Service: A Solution for Miner Challenges
The updated service allows miners to leverage their existing crypto holdings – including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), and even Kaspa (KAS) – as collateral to secure loans in Tether (USDT). This innovative approach addresses a critical pain point for miners: the need to cover operational costs without liquidating their core crypto assets. Mining, while potentially lucrative, can be capital intensive. Electricity costs, hardware maintenance, and facility expenses can quickly eat into profits, especially during periods of price downturn. ViaBTC’s lending service provides a buffer, allowing miners to continue operating and potentially benefit from future price appreciation.
Competitive Rates and a Vision for the Future
What sets ViaBTC apart is its commitment to competitive pricing. The company has announced a fixed annual interest rate of just 9.9% on these loans, a figure that positions it favorably within the global mining sector. Anton Tsarenok, Director of Business Development at ViaBTC, emphasized the company’s long-term outlook during his address at Blockchain Life 2025. “Market swings can be difficult and we want to show our community that mining remains attractive as BTC prices are expected to rise in the long term and renewable energy steadily reduces the cost of mining,” Tsarenok stated. This sentiment reflects a growing trend within the industry – a focus on sustainability and long-term viability.
Understanding Collateralized Lending in Crypto Mining
Collateralized lending isn’t new to the crypto space, but its application specifically to miners is gaining traction. Essentially, it’s a loan secured by crypto assets. If the miner defaults on the loan, ViaBTC can liquidate the collateral to recover its funds. This reduces risk for the lender and allows miners to access capital they might not otherwise qualify for. The simplicity of ViaBTC’s interface and the range of accepted collateral are key differentiators, making it accessible to a wider range of miners.
ViaBTC: A Global Mining Powerhouse
Founded in 2016, ViaBTC has rapidly grown to become a major player in the crypto mining landscape, serving over 1.7 million users worldwide. The company currently ranks among the top three mining pools for Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, and Kaspa. This recognition at Blockchain Life 2025, coupled with the improvements to its lending service, underscores ViaBTC’s commitment to innovation and its strategic focus on the international market. The company’s success is a testament to the growing demand for accessible and reliable mining services.
The developments announced by ViaBTC at Blockchain Life 2025 signal a proactive approach to supporting the mining community and navigating the evolving crypto landscape. By offering competitive lending rates and a user-friendly platform, ViaBTC is positioning itself as a key partner for miners looking to thrive in the long term. Stay tuned to archyde.com for further updates on this breaking story and in-depth analysis of the crypto mining industry.
