This means all those crypto miners struggling to turn a profit in the current bear market now have a lending hand. For that service, though, it’ll cost miners up to 20% to borrow funds to sustain their operations.

Sidney Powell, the firm’s co-founder and CEO, told Decrypt at Messari Mainnet 2022 that miners are able to stomach this rate because funding options are limited and traditional banks have rarely been interested in doing business with crypto-native firms.

Powell calls this specific client profile the “middle market,” and it’s Maple’s bread and butter. He defined it as such: “Any company that’s now beyond venture capital raising, but they’re still too small. They’re not publicly listed. They’re not multibillion dollar companies, yet, but they could operate in a niche sector like crypto,” he said. “But because they’re in crypto, banks really won’t lend to that sector.”