Maestro Launches Bitcoin Mining-Based Credit Market Mezzanine

Odaily News Bitcoin infrastructure provider Maestro announced today the launch of Mezzanine, a credit market denominated in Bitcoin and backed by mining output. It aims to provide institutional investors with new avenues for yield on idle Bitcoin assets while expanding financing channels for miners. The first project has already gone live in partnership with mining-as-a-service provider Sazmining. This project allows institutional Bitcoin holders to allocate BTC into mining-backed credit facilities, targeting an annualized return of 8%–9%. Returns are generated by sharing block rewards with miners, rather than relying on protocol staking yields, and the initiative aims to address the financing gap for miners. Traditional mining financing often relies on USD-denominated debt or public stock offerings. However, as miners' revenue is settled in Bitcoin while their liabilities are in USD, significant market volatility can easily increase risks. (Cointelegraph)