Riot Blockchain sold 300 of the 421 BTC it produced in June to help cover operational expenses Hut 8 Mining plans to continue growing its computing business that generates $1.6 million in revenue per month To hold or to sell — that is the question facing many cryptocurrency mining operations. Hut 8 is firmly taking the former approach. Sue Ennis, Hut 8’s vice president of corporate development, told Blockworks that the company has no intention of selling its bitcoin any time soon. The Canada-based company has $70 million on its balance sheet and an uncorrelated computing business generating $1.6 million
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Author: coinmaker