The low rate lasts one period; on Sept. 2, PowerCompute must repay, surrender collateral or accept repriced terms. The post If Bitcoin drops below $58,860, PowerCompute can hand over 307 BTC and walk away from $18 million in debt appeared first on CryptoSlate .

Source: [CryptoSlate](https://cryptoslate.com/why-powercompute-can-hand-over-307-bitcoin-and-clear-18-million-in-debt-if-price-drops-below-58860/)

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