Replies to post #2 on Provident Bancorp Inc (PVBC)

[56Chevy]

The bank said its remaining digital asset mining loan portfolio as of Sept. 30 totaled $76.5 million, "of which, upon review, the Company estimates a majority to be impaired and placed on non-accrual status."

This is the bigger news re: the already reported $27.5M digital asset mining loan loss going forward. I expect a decay in pps when the total crypto mining loan losses are identified.

• This is not to say a future stake in this is unwise. In fact just the opposite. IMO we just need to know the full extent of the damage..and wait for the bank to go on-sale.