The Cereal ecosystem allows cryptoasset investors to use their cryptoassets as collateral to access loans in fiat currency. This means platform-users have ability to secure their Bitcoin or Ethereum in return for access to cash. Their cryptoassets are placed in secure storage and returned to investors as soon as the loan is repaid.
To allow customers to borrow fiat money secured against mining equipment, Cereal has partnered with Giga-Watt, one of the largest mining facilities in the US. This partnership will allow customers who want to get into mining, but don't have the fiat available to pay for equipment. Located at the Giga-Watt hosting facilities, the mining equipment will serve as a security deposit.